If you haven't noticed today, Steem seems to be breaking away from the pack. It's rising up on coinmarketcap.
It's 49th place at $0.32. We are up 20%.
My original prediction was that we would actually fall down a bit further before the end of January, after which we would rise up and continue to rise all year.
I still think it's possible that we could hit a point right around $0.20 before the end of January.
However, it's also worth considering that the rise may have already happened. We may not dip down again.
$0.32 is still a great price for Steem. I know many people were buying in as the price started to fall. Therefore, they bought in it $0.60, $0.52, $0.44 and all the way down.
These people are no doubt eagerly awaiting for a rise up.
Of course these people have nothing on those that may have purchased Steem a year or two ago for much higher prices than that.
I've had faith that Steem would rise up this year. We have too much going on for us not to be considered one of the top coins.
I'm just wondering now if I was wrong about the end of January dip.
It is possible the rise has already happened.
Is this the start of Steem's climb?