RE: Evolution of steem and the steem ecosystem - a promising development
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Steemit Inc. is selling Steem on a regular basis, witnesses, developers must sell to cover expenses. Poor people of Venezuela, South-Asia need every penny to eat. Some disappointed authors are powering down. Therefore, the declining trend of the prices is not over.
Who is buying? Does somebody know?
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This has been true for a long time and the strong price decline of recent months is mainly due to whales who desinvest from steem. Once their sell off finished, it will be indicated by more stable prices which we see already. The price has been hovering between 0.12 and 0.14 Usd for quite some time and this lets me believe that the major sell off is already finished.