My latest theory, there are large pools of money manipulating STEEM price.
STEEM has been sitting between 24 and 32 on coinmarketcap.com for almost 3 months. When it sinks down to 31 or 32 on the list, you can see a big influx of STEEM purchases, enough to pump STEEM up to 24th or 25th place. And cause a price increase of approximately 20%.
Look at Apr 3, Apr 14, Apr 25 below. Sudden peak of STEEM purchases causes price to jump 20%.
And then STEEM purchases go quiet for a couple of weeks, until STEEM sinks down to 31 or 32, and then another big pump of money with STEEM purchases will take STEEM up to 24 or 25 on the coinmarketcap.com list.
It doesn't take billions to move STEEM price, like it would take if an individual or a small group tried to manipulate BTC price. It only takes millions to manipulate STEEM price. And the amount STEEM price moves can result in a full payback on the pump investment.
Lots of folks that are playing in crypto space have enough money to manipulate STEEM price. Soros like to play market manipulation games, and he can spend enough to manipulate STEEM price with just the loose change in his sofa cushions.
I'll put this prediction on the record.
STEEM price will pump up by 20%, measured on USD fiat basis, within two weeks.
If my hypothesis is correct, this might be an "investable" trend.
The typical pumps in the last couple of months have been about 20% higher price measured against USD fiat.
Let's watch STEEM price. Will it pump up by 20% in the next two weeks?
STEEM On !!
DaveB