STEEM Price Pumps After Adding NFT Support

alyssa85

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Quote from: cheezcarls on January 18, 2020, 01:29:14 PM

The price of STEEM, the native token of the Steem blockchain, increased dramatically on Saturday. The jump followed the announcement that the platform is now supporting non-fungible tokens or NFTs.

The coin price jumped more than 35% in trading on Saturday, closing in on $.20. While a far cry from the peak price of $7.97 in Jan 2018, the increase reflects greater attention to the utility of the coin.

To read the whole article, just go here

It looks like STEEM's on a roll!

I do have a question to all of you guys and gals, especially those who are STEEM token holders and fans here in this amazing forum.

Do you think this is quite a good move by STEEM in the long run? I haven't followed STEEM for a while, but I do use Steemit from time to time to publish my blog posts.

I honestly think that the STEEM token holders here are rejoicing because of the price pump. How much more if altcoin season is coming and will ride on with Bitcoin's price spike as halving approaches.

How I wish it will reach peak price once again, but maybe in the near future as cryptocurrency prices are unpredictable.

There is actually a lot of stuff going on in the Steem ecosystem, especially the creation of coins that sit on top of steem, which can be traded on steem-engine.com against steem.

To read more see the following:

https://steem-engine.com/?p=faq

They've also got d-tube, which is decentralised video posted on the steem blockchain. And a pretty big community, so it's one of the rare coins that is building an economy.

BitDane

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I think this is just a pump timed during the announcement of NFT to make people believe that it was a success and NFT really brings more people in the community but the sad fact is that it is just the original method of pump and dump, sell the news buy the rumor scheme. I bet after some days the price will go back to normal unless their pump isn't done yet.

Furious 7

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This coin certainly has a lot of fans because Steemit itself has been used by many readers to write their blogs so surely they will hold the STEEM token because it will have good potential.
STEEM is increasing, of course, because there is good news, investors always see what is being developed, so they prefer to hold it in the long term compared to short, and this might be the time to sell STEEM because it has improved.
STEEM will increase if there are updates.

samcrypto

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Quote from: Thomas-s on January 20, 2020, 07:30:13 AM

I bought this coin a few months ago and sold it during this price increase. This is a good coin, but in such a market as we have now, I quickly take profits from 10 percent and sell coins, because, after such a sharp increase in price, a strong correction immediately coming. look at any coin that has grown so fast in recent weeks? they all returned to their original values

I also sold when bitcoin make $9k on its price and bought back at a lower price, same thing I will do if I have this token. Every updates the price should go up but we can’t say when it will dump again because of a very volatile market, its good to take that profit. If Steem is a good token then wait for the big pump especially if the investors wants this update. We can’t compare shitcoins to a good coin, looks like Steem is a different one.

Thomas-s

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I bought this coin a few months ago and sold it during this price increase. This is a good coin, but in such a market as we have now, I quickly take profits from 10 percent and sell coins, because, after such a sharp increase in price, a strong correction immediately coming. look at any coin that has grown so fast in recent weeks? they all returned to their original values

trumpman

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Quote from: cheezcarls on January 18, 2020, 01:29:14 PM

The price of STEEM, the native token of the Steem blockchain, increased dramatically on Saturday. The jump followed the announcement that the platform is now supporting non-fungible tokens or NFTs.

The coin price jumped more than 35% in trading on Saturday, closing in on $.20. While a far cry from the peak price of $7.97 in Jan 2018, the increase reflects greater attention to the utility of the coin.

To read the whole article, just go here

It looks like STEEM's on a roll!

I do have a question to all of you guys and gals, especially those who are STEEM token holders and fans here in this amazing forum.

Do you think this is quite a good move by STEEM in the long run? I haven't followed STEEM for a while, but I do use Steemit from time to time to publish my blog posts.

I honestly think that the STEEM token holders here are rejoicing because of the price pump. How much more if altcoin season is coming and will ride on with Bitcoin's price spike as halving approaches.

How I wish it will reach peak price once again, but maybe in the near future as cryptocurrency prices are unpredictable.

I doubt it has anything to do with NFTs.

Imo, the pump came right after Voice announced that it won't run on EOS, probably because EOS is still too slow to handle enough traffic for a social media site. Hence some whales that had high hopes for Voice decided to turn (or return?) on steem. Hopefully, it won't be long before we see steem above 1 $

Or perhaps it was just a random alt pump Cheesy

CjMapope

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Quote from: cheezcarls on January 18, 2020, 01:29:14 PM

The price of STEEM, the native token of the Steem blockchain, increased dramatically on Saturday. The jump followed the announcement that the platform is now supporting non-fungible tokens or NFTs.

The coin price jumped more than 35% in trading on Saturday, closing in on $.20. While a far cry from the peak price of $7.97 in Jan 2018, the increase reflects greater attention to the utility of the coin.

To read the whole article, just go here

It looks like STEEM's on a roll!

I do have a question to all of you guys and gals, especially those who are STEEM token holders and fans here in this amazing forum.

Do you think this is quite a good move by STEEM in the long run? I haven't followed STEEM for a while, but I do use Steemit from time to time to publish my blog posts.

I honestly think that the STEEM token holders here are rejoicing because of the price pump. How much more if altcoin season is coming and will ride on with Bitcoin's price spike as halving approaches.

How I wish it will reach peak price once again, but maybe in the near future as cryptocurrency prices are unpredictable.

nice man, good for steem hodlers for sure!
it really just goes to show that even 10 years later, things are still the same Tongue

ANY major news for a big cap coin usually guarantees a pump, imagine being part of the team, talk about easy money
insider trading that would be IRL, but those laws dont apply to most crypto-traders Cheesy

cabron

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I didn't see this project to be for me as I don't write anything to publish. It must be extremely profitable for someone who had bought this project at its very bottom right now and the price hits again to $7.97 right before the year end.

I didn't know hat they mean by NFTs until it mentioned kitties but it made me more confused because to my knowledge non-fungible tokens means currencies that shall be accepted by any party disregarding where it may be from nor who ever sells it. It shows I have no idea what kitties are apart that thye clog the network

cheezcarls

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The price of STEEM, the native token of the Steem blockchain, increased dramatically on Saturday. The jump followed the announcement that the platform is now supporting non-fungible tokens or NFTs.

The coin price jumped more than 35% in trading on Saturday, closing in on $.20. While a far cry from the peak price of $7.97 in Jan 2018, the increase reflects greater attention to the utility of the coin.

To read the whole article, just go here

It looks like STEEM's on a roll!

I do have a question to all of you guys and gals, especially those who are STEEM token holders and fans here in this amazing forum.

Do you think this is quite a good move by STEEM in the long run? I haven't followed STEEM for a while, but I do use Steemit from time to time to publish my blog posts.

I honestly think that the STEEM token holders here are rejoicing because of the price pump. How much more if altcoin season is coming and will ride on with Bitcoin's price spike as halving approaches.

How I wish it will reach peak price once again, but maybe in the near future as cryptocurrency prices are unpredictable.

Topic: STEEM Price Pumps After Adding NFT Support (Read 144 times)