There is good news coming from the Market for all the steemians as Steem is gathering some momentum in the market. As of currently while I am writing the steem is trading at 11112 Satoshi,Which if converted into dollars will be around 0.43 dollars.
This is huge rise in profit around 24% for all those people who had brought steem as recently as yesterday morning. This is the first time in over a months that steem has broken down the psycological barrier of 10k Satoshi mark. Last it was above the 10k mark was in January 23.
This movement of steem should bring out some positivity around in the steem community and hopefully bring back many of those users who have gone dormant on this platform.
If we look at the historical data also the latest movement of steem is also very appreciable considering that the last time steem was above 11k Satoshi mark was way back in November 21. It shows us that steem is somewhat on a mini bull run on its as it is on a 4 month high.The ranking of steem has also improved. It has moved up 48th spot to 41st in the coin market cap rankings.
Most of the small traders would be taking out their profits at this time considering some of them bought it at 0.24,0.27 or even at 0.30 dollars. But there is always a fear that what if it goes further up and we loose a chance to make huge profits. As far as I am concerned, I am in here for the long and waiting for steem to go to the moon before I sell mine and also most my steem I had purchased was when there price was around $1.35.so there is no point in selling out right now.
