RE: Why did the price of STEEM pump by 30% in the past day?
(Edited)
You are viewing a single comment's thread:
I would go for Whales accumulation but with more volume than the last ones we saw around 0,1-0,14$ levels (or 1500-1800 sats) so it broke resistance and activated buy orders that helped to boost the price.
0
0
0.000
I find it rather positive that little volume (compared to the top 100) boosts the course of STEEM in these proportions.
On average, the daily volume of STEEM was 500-1M $ over the last year which places it in the last tenth of the top 100 in terms of volume.
With this increase and a volume of $ 10-15M, STEEM is in the middle of the ranking.
So imagine the day when we will have more than $ 20M in daily volume.
Knowing that over the next 20-30 years, the number of STEEMs in circulation will be around 500M with a price of $ 10, it will only be a $ 5B capitalization which is not much given the development potential that STEEM network could have and the diversity of applications it can have.
Shit, i can't even imagine a $5B STEEM marketcap even in 20 years.
STEEM deffo has the potential, im in!!!
Thank you for your great reply :)