STEEM recovers to 0.21 USD - highest price in 6 months!
steem·@drutter·
0.000 HBDSTEEM recovers to 0.21 USD - highest price in 6 months!
<h4>The price of STEEM just surged to the highest point in half a year - over 21 US cents!</h4>  A bull market move that began in early January has brought us out of a sideways "bottoming" pattern since September. While there's no guarantee the rise will continue, the downtrend has clearly been broken, and volatility has returned to the market, so a further move upward could definitely be coming. It's exciting to imagine "the good old days again" when Steem was bustling with activity, and the price was much higher. But a return to higher prices doesn't necessarily mean a return to those levels of activity. We're not trendsetters anymore, and dozens of blockchains are doling out crypto tokens of their own, to entice content-creators. Some of them (in my opinion) are doing a better job than Steem is, but if we improve, we could start to grow again. That said, even though 21 cents is almost double what the price was a couple months ago, it's a <i>long</i> way from recovering those old price levels. A <i>really</i> long way.  Still down 97% from the top 2 years ago.  Over the same time frame, Bitcoin is down only 50% from the top (from about 20k to almost 10k currently). That said, in the past few days, many "alt coins" (cryptos with futures ahead of them) have been getting bought up on the cheap. Bitcoin dominance is down a bit. This could be the beginning of a long and much-needed bull market for the other cryptos, including our beloved/beleaguered STEEM! <h4>Also, Bitcoin recently signaled a coming <a href="https://steemit.com/hive-167922/@drutter/bitcoin-breakout-to-8400-usd-signals-coming-move-to-100000">move to 100k</a>, and that should float all boats (without gaping holes)! Steem on!</h4> DRutter 
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