The AMA left so many questions unanswered but i'm hopeful that the following week will bring more answers. From a speculation perspective I like the possibility of STEEM being listed in more exchanges. But ofcourse it's too early to say if any of this will happen.
It would be great to have STEEM/USDT + Futures on Binance. With Binance acquisition of top Indian crypto exchange WazirX it would make things easier for Indian traders to trade STEEM as well as you wouldn't need to trade INR -> USDT -> BTC -> STEEM but instead move from INR -> USDT -> STEEM directly as well.
WazirX has STEEM/USDT pair but the volumes are THIN! I'm also unsure if you can deposit/withdraw directly on WazirX. But having a USDT pairing on Binance will be great.
Hopefully when there's some clarity on the way foward and the dust settles I hope the community will make a push for these things. Try to encourage more traders in to speculate on the price of STEEM.
Meanwhile, STEEM price has corrected quite a bit today but considering the AMA wasn't what many were expecting it to be it seems fair from a market sentiment perspective. Also, after the recent move up a correction seemed due. It remains to be seen if there will be a deeper correction from here.
So far we're down about 17-19% from the recent top. Bit sad to see recent gains wipe off but that's the nature of the game. There's a saying amongst traders, "stairs up and elevator down!"
Personally I'd like to see a move above 3000 satoshis to hold for a while to come. We've been in the dumps for so long, a short lived upward leg is not what we need right about now. A better STEEM price will help lift up the whole eco-system as a whole and also help many witnesses, especially low ranking ones.
What are your thoughts about the AMA? Here's a link if you haven't seen it yet.
Let me know what you think about the AMA as well as the drop in price in the comments below and consider supporting my witness if you can.
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