Hello guys,
Considering a slight pullback this morning as the entire market took a little dip due to Korea announcing to ban any new ICO's in the country (South Korean Regulator Issues ICO Ban) the market is recovering fairly nicely since then with STEEM continuing its upward move that started yesterday after our CEO Ned announced new steemit project called SMT's (Announcing: Smart Media Tokens (SMTs)). The price of Steem started to climb immediately after the announcement as this is a huge breakout not only for steemit but for the whole social media and the internet overall. If you read through the blogs of other steemianas reporting on the announcement or Twitter feeds then you will see why the price is moving up.
I do not want to speculate on the price but considering the level of disruption this can cause the only way for steem to go is up. I just hope it will be you, my fellow steemians, that will be able to benefit from its rise as you are the ones that are driving the success of this platform since the very beginning helping to pave the way for others to implement the same system. It would be disheartening to see that only big outside investors will be able to benefit while the little guys will get left behind. I personally believe that the price of 1.44 USD per Steem at the time of this writing is ridiculously cheap and won't stay at those levels for a prolonged time.
As a part of this post, I am not only including the chart of Steem but also Ethereum for you to see a huge bull run ETH has had this year so far. I am not implying Steem will take the same curve but considering the similarities that steemit blockchain will be able to offer to others now, I am extremely bullish. Please do not consider this as an investment advice and only invest the money you are willing to lose. The future looks bright and you will either be part of it or you will get left behind. The time to act is right now.
Please feel free to check out some of my other recent posts.
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Jested/Czech Republic – a perfect harmony of nature and architecture - 捷克共和國的Jested - 自然與建築的完美結合
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Tomas
CEO & Founder of CGH
