Nice to see STEPS up around 3000 sat - a much more respectable price for such a promising little coin.
'Some guy' bought all the coins till the 3000sat barrier on C-Cex!Few thousand left under 3k on Yobit!Things back on track!A lot of dumps will occur in the near future (inevitable due to high pos rewards and rise of BTC),but also stake cloud will always raise the price.
What I see is that by Christmas the top 20 will hold more than 80% of the coin(excluding the burn address)!
Current daily production is 288*60=17280 STEPS what with current price between 2-3k gives around 0.45 BTC and that is more than sustainable.
Even in few weeks when PoS rewards go up to 100STEPS, daily production will stay below 1BTC so I don't see major dumps on horizon.
Dumps can happen if someone decide to manipulate or devs screw things. First is more than possible but top 5 wallets are only growing so bigest investorst dont dump so it seems they have faith in project and that can lead only to faster price rise. What will be the price point that some of them will sell part of their investment idk, is it 5k, 10k, ... will they dump or sell small amounts I also dont know. I think only time will tell, but regarding all mentioned I think that now is the time that devs show new steps from STEPS roadmap.
Meanwhile, staking like a boss