Steemit (STEEM), the social media platform that is the sibling of EOS and the brainchild of developer Dan Larimer, has been the only digital asset surviving the latest downturn. Prices were in the red across the board, and Bitcoin (BTC) quickly slid back to the $8,800 range.
Even EOS slid a bit, to $14.69 from peaks above $15. The markets crashed, coinciding with the news of OKEx suspending ERC-20 trading due to hackers attacking smart contracts to produce more coins.
However, STEEM climbed another 29% in the past 24 hours, to reach $4.28. The asset is up more than 42% this week. The social media platform is also becoming more influential.
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