It looks like Steem is attempting to break out of the bear run. It's been on a downward slide over the last few weeks but that also means a buying opportunuity. The price has dropped just below the initial opening price on Poloniex.
I heard that after the Steem hack people were cashing out to Bitcoin to keep their hard earned profits safe and that this was the reason that Steem has sunk so low. So the wind could be blowing in a new direction now as people calm down and continue to believe in the Steemit platform.
As the Brits said, "keep calm and carry on".
