Steem moving up the ranks on Coinmarketcap.com!
After languishing around the 50th spot on coinmarketcap for what seemed like months...
Steem is finally making a serious charge back up the ranks!
At the time of writing, steem is sitting at #36 on coinmarketcap:
(Source: https://coinmarketcap.com/)
Steem is showing great relative strength!
Not only is steem climbing up the ranks on coinmarketcap, but it also showing great relative strength.
Relative strength is just a measure of how a coin (steem) is doing in comparison to others.
You can see from that screenshot above that steem is up roughly 18% on the day, more than any other coin around it.
In fact, steem is up more than any coin in the top 50!
I am not sure if this has anything to do with the recent exchange additions for steem or it's completely unrelated...
Either way, it's nice to see!
Would love to see steem break through $.50 in the near future here...
Stay informed my friends.
-Doc
Finally ...
Better late than never?
more important for me is to reach a higher decentralization and censorship resistance :)
Perhaps that first part, but not sure about that second part.
i think a kind of self regulating space with freedom speach
That would be nice, if governments would get out of the way long enough to let that happen.
Go Steem Go 👍💰👍
To the moon!
It's weird for just one crypto to pump...Total marketcap is more or less the same, so it's probably just money moving around trying to fish someone to buy before dumping on them, but let's wait and see, next 2-3 months are critical to spot a reversal or a further dump. If I happen to spot early signs of a reversal I might deploy my money in and be over with this wait...
Very possible and probably likely. I don't care if that is the case or not as long as they run it up high and then it holds a higher floor when it comes back down!
Oh, I'm sure that the next time we have a bull market Steem will run really high and hodl a much much higher floor...
I'm becoming dyslexic from writing "hodl" too much, I now do it without actually wanting to...
Haha that is pretty funny. I think you are right... The only question is, is the bull market starting now or this just a blip?
This is a 3rd wave completion...let’s see a small correction coming
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Where do the waves say we go next?
On Elliot Waves Theory and my last post 😂😂😂
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Where do those waves say we go next?
IMO: 3rd wave Up completed at 0.5USD or almost completed, 4th wave correcting to 0.43, then last 5th wave up to 0.56...
Of course it is just based on FIBO levels and previous grounds.
Just an scenario of possible path to follow.
Steem on.
Cheers
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Are you trading based on these numbers?
I do, yes, adding stop losses of course...
Also right now I converted my liquid Steem to SBD, so I can get more when Steem corrects...
That makes sense to you? 😉
Do you trade STEEM to get more?
I dont know why, but i fucking love it! Glad i bought some Steem the last 3 weeks! Lets hope it goes towards old highs!
Yes, though $.47 is a long ways from $9! I like your optimism though.
Tbh i am an optimist, but Im not really picturing it any over 2-3$ which would be great! I feel the short times it’s been over 4$ it’s been really specific short term reasons for it and not something I would expect to see again :)
Well apart from that massive spike in January when everything went up, it hasn't really ever gone over about $3 or so. I think that is likely a better judge of potential than what happened in January as I think most of that was tether manipulation.
Well I remember the rollercoaster ride after I had just joined STEEMIT beginning from late June 17 when I check now it actually went higher back then than I remembered, but from it crossed the dollar mark in 2017 until it fell under it in aug 18 it stayed over 1$ the whole time, and had several months with 2-3-4 dollars, but honestly at even 1$ I think Steem is a coin that gives a lot of value for your money if you see how many DAPPS have been launched now! But all we can do is see and hope! :)
Yep, I agree. I was actually pretty surprised it fell as low as it has during this bear market. When prices were up around $9 I knew they would retrace a lot of those gains, but I really thought $1 would hold as a floor. We knifed through that like hot butter!
Let's just hope the steemit blockchain is ready for the next wave of newcomers.
They have to have been doing something the past 2 years right?!
Yeaaaa dear, Optimism is the faith that leads to achievement. Together will enjoy our hope. Cheers!!!
Hopefully.
That's good to see. I expect we will see falls again, but I hope it doesn't drop as far as before. I want to see it in the top 30 at least soon. Maybe this will boost general confidence.
The higher it is on the list the more visibility it has for investors and traders. I would love to see it within the Top 20, but that may be wishful thinking...
It's been there before, so why not? I can wait a while for that to happen. Steady growth built on real progress is what we need, not just speculation.
Very true. I guess I am basing that off the main developers behind steem not delivering a single thing in over 2 years. Since Dan left there has been no tangible development on the steem blockchain, steemit.com website, or any other meaningful apps that they have been part of. The pace of development is beyond painfully slow. For steem to get back within the Top 20 we need a change from how things have gone for the last 2+ years, and time will tell if that is actually going to happen or not. They have been talking the talk but still not delivering much of anything beyond lining their own pockets.
The steem Bears might pull it right back down @jcornel and that is in steem's history.
I would not bet against that happening actually...
sweet!i think it deserves to be much higher than around 50😆✌
I would love to see it within the Top 20 personally!
It does seem that everytime more liquidity is added, prices improves although it is interesting that it just leads to more Steem on exchanges instead of powered up which is concerning.
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Yes and no. I mean that steem has to come from somewhere, IE buying. Then once it is on the exchange there has to be a certain amount on there at all times to maintain liquidity. So, it may not be powered up but it is quasi locked up.
Thanks.