It just keeps rising
Everyone's attention is on Steem right now, and it just keeps rising and rising. Looking at Bittrex right now, it's currently trading at $7.50 with a Bitcoin price of 15077. That's some serious clout if you ask me. What is going on in Steem world??
I was flipping Steem last month for quick gains when it was around the 12k sat mark. I ended up having my asks met as it broke out of 13k and went upwards, and I had my buys set in down low to try and catch them again. Alas, it ws never meant to be, as this was the beginning of Steem's two week-long meteoric rise into the skies.
Immune to gravity?
It'll be very exciting if Steem hits 10 dollars. I imagine everyone's upvotes are going to be huge! Not to mention that SBD is also still trading near the 10 dollar mark and even hit a brief high of 13 dollars about a half day ago. Both Steem and SBD trading at 10 dollars? What kind of madness is this!? Steemians rejoice as we strap ourselves in for one helluva ride!
In any case, Steem is definitely on the up now, and there's no telling where it will go. It's been in doldrums for the better part of six months now, and although it has exceeded its ATH price of 4 dollars from back then, it is still trading at only half the sat value that it did back then, owing to Bitcoin's huge growth. That said, if we establish new price floors in the coming days, and there are a number of adequate contenders for it, it may make fiat entry difficult, and especially if the price of SBD comes back to parity. There won't be any economical way into Steem other than posting lots and lots.
I guess I have to maintain my consistency for the next while!