It's likely that most of you reading this have been following the fantastic rise of Bitcoin lately. Having followed the price of Steem to the price of Bitcoin over the past year I have noticed that Steem usually is lockstep with Bitcoin on its peaks and valleys.
What give this go-round?
image courtesy of google
Bitcoin has been on a tremendous rise since it's own hardfork. How come Steem has been holding steady around $1.30? Has the price of Steem leveled off? Is our community stagnant in growth. Are people cashing out and moving on to other cryptocurrencies?
I am still a believer in Steem and the Steemit platform, but the fact that it hasn't been following the latest Bitcoin spike has me concerned.
Anyone else noticing this?
Am I being over paranoid?
Let me know what you think.
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Steem On!!!