Hey Steemit,
Today I see Steem price down again big today, with a 13% drop, to as low as $0.93USD. I would of thought with bitcoin price flying and the overall crypto market is more bullish, that we would see Steem taking on new recent highs? On top of that, I would think the more active users joining, the value of Steem should increase??
Can any veterans step in and spread some light on this?
Also I have another questions that I have been pondering... Will the Steem currency be able to sustain the yearly inflation rate??? Or do we need to really be growing and the currency appreciating to be able to continue to see value growth in it???
As much as I have a concern, I am actually quite happy....
Happy?!?! Why?!!? Well I have been waiting for Steem to drop to around $0.60 for the past couple months. Already this price is pretty attractive and want to load up some more but will watch and wait these coming weeks.
Please add your thoughts in the comment section, as I am really interested in this topic and questions listed above.
Have a great day everyone!!