A friend of mine here at @caffetto has speculated that the reason STEEM dives every time it hits $0.50 is that it’s a resistance price that Steemit Inc. sells huge amounts of STEEM to pay for resources, server costs, devs, etc. He postulates it as “necessary”, but “unfortunate” because it repeatedly crashes the momentum. No idea if that’s true, but it would make sense to me why we’re watching so many alts moon and STEEM struggles.