According to these automated daily steem statistics reports from @penguinpablo I can safely say that steem price might be headed down more if these pwoerdowns continue uninterrupted. Now powedowns dont necessarily mean steem is also being sold but theres a strong correlation and people eont powerdown for much other than selling.
However with the announcement of a new front end and official SMTs with new big partners by @ned could change things overnight and existing whales like he who runs @booster could go from 2 million to 3 million steem with how cheap it could get, and then steem could go right back from 40 cents it is now up to $1 in a matter of days. Since I found this steem is actually up 6% to 39 cents and might already have hit 40 cents by the time I post this. A few good news stories and the same people who sold can FOMO back in so fast and with the developments on https://steem-engine.com where anyone can make their own steem based cryptocurrency with a fee clicks, I feel steem.could skyrocket from normie users clamoring to setup a cheap simple coin for anything from sports teams to school class rooms competing with each other on the DeX. Scotbotband @weedcash custom steem websites forking condenser is another HUGE news story in my opinion because NOW anyone can have their own steem.community site like was promised for years.
Thanks for all these amazing steem statistics from @penguinpablo make sure to go upvote his post where I found these images and stats, without his service many or us would be lost when wondering about these steem related issues and steem is such a small niche there might not be many people even discussing where to even find steem data so I'm grateful to #penguinpablo for these posts https://steemit.com/penguinpablo/@penguinpablo/daily-steem-stats-report-tuesday-may-14-2019
#steem.#steemengine #penguinpablo #steemstats #bitcoin #blockchain #crypto #cryptocurrency
I repost my instagram feed to Steem with Share2Steem.io which I see as a gateway for people to bring content to steem and to bring millions of new users to steem to get paid for existing social media
ackza770