STEEM a platform for many dapps including the blogging site steemit.com and other front-ends just pumped with its price a few hours ago reaching the price of 2,210 Satoshis in Binance. It is now forming a cup and handle formation which is known to be a bullish sign for any cryptocurrency price movement in the market.
But of course in my opinion it is just correlated to bitcoin's price movement considering its controversial status in the cryptocurrency world. So if you are bullish about bitcoin you should also be bullish about steem. But with all cryptos we should do our own diligence and research about any cryptos that we want to invest in to avoid losses considering that we are always talking about big amounts of money here.
