Steem has been beat up more than most over the past 2 years
However, that may be about to change.
As I type, steem is currently trading at $.22 on Bittrex.
It's up close to 50% in the last day or so.
Check it out:
This is the highest it has been in close to a year
I'm not really sure the reason for the pump at this point, but I will take the pump any way I can get it.
Looking at the exachanges where most of the volume is coming from, it looks like we can mostly thank the Asians for this rally.
Steem seeing it's heaviest volume on the Binance and Huobi Global exchanges.
With the kind of bullish action we have see in the altcoin markets the past few days, we may very much be in the midst of altcoin season.
Let me remind you that the last few altcoin seasons took steem from $.07 to $2.80 and then from $.80 to $9.
Hopefully we see something anywhere close to those types of returns again here!
Stay informed my friends.