I remember when I joined Steemit newly back in 2017. I did not need any further convincing from anyone to join; the price at which Steem was being pegged at then moved me a great deal. But recently, we have been experiencing some sort of serious dumping in the price of Steem even when Bitcoin has been pumping a great deal.
This made me to wonder; what really controls the dollar price of coins? At what instances does it pump and dump?
Because I really don't get the concept behind the dumping and pumping and would love to know. The steem low price has lingered for such a long time and this is not helping in the process of inviting someone to join.
What I'm I trying to say?
In the quest to achieve mass adoption, the price at which the Steem token is being pegged at really do matter a great deal. So, if there is any way the Steem price could be pumped then it will be a good bait to catching more users on the blockchain.
Steem still needs promotion, so in our work places and localities, let's put in effort towards the promotion of steem. Tell a friend to tell a friend about Steem. This will help steem a whole lot.
