Steem (STEEM), the token used to power content platform SteemIt is at a new 28-month low against Bitcoin. Once one of the most popular blockchain projects, STEEM dropped nearly 40% of its value in 2019 while other cryptocurrencies doubled or even tripled. Two days back, the currency experienced a huge crash sending it to a new low not seen since April 2017. This was before the bull run began, indicating that Steem has reached a full cycle. 4 days back, Steemit implemented a hard fork changing the way the platform works. However, the question still remains if Steem can recover from here or if it would fall further. Steem (STEEM) is priced at $0.166691, gaining 0.66% in the last 24 hours.
