Another Exciting day for Steem holders current price of Steem 2.78$ ( At time of publishing )
Here is a screenshot of coinmarketcap showing the current price of Steem
The price of Steem in a 30 day chart
Huge drop in Trading volume over the last couple days but its not affecting the price for now.
Total supply of Steem in circulation:
Total marketcap value
What I can understand from looking at this information is that there is going to be some big selling pressure coming in our direction. The large amount of new users are of course going to soften the blog. But I really think we are in store for a big price correction. Lets hope Im wrong and watch the price of steem rise and rise again :)
If you want to check out some other posts I have published in recent days/weeks regarding the price of Steem :
If you use twitter feel free to visit the link posted below for retweeting
All upvotes, follows, comments and resteems much apreciated!
Have a great day!