If you have noticed, since BTC started to consolidate at ard $7k, money has been flowing back to the altcoins slowly. Some altcoins even have 60-70% rise in a day. So does it puzzle you why steem price has not moon yet?
It is weird right? Steemit is such a wonderful platform for social media. Since I started using I am addicted to coming in everyday. I wonder why the price is still so low and vs BTC is almost hitting its historical low. That makes me wanna buy more Steem as I felt it is super undervalued now. However I m not suggesting anyone should buy steem unless you feel the same way as I do.
My long term view on steem price estimated around $10-$20 but short term wise I feel it should be at less worth more than a dollar. Current price is $0.93 as of writing and if Steem price hits $1 it is a nice 7.5% return. Not very fantastic in crypto-land but I m super happy with a almost guaranteed 7.5% return. So, I m off buying some steem. Happy trading.
Ps: These are my personal opinions and not trading advice nor am I a qualified person to advice anything with regards to trading. So If you like my post do upvote and follow me. Thank you :)