The Always Hot STEEM Token Is Trying To Reach The 1,100 Satoshis Level

cryptopie (81)in #cryptocurrency • 2 years ago

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I bought some #STEEM from some of my ADA profits and I had the chance to fetch it at around 57.5 cents USDT so I am now selling it at a reasonable enough price point so I can of course profit.

Why STEEM?, it is just a matter of preference because STEEM has an inherent way of going up and down in a regular manner like coming back down so you can get another good entry again for a cheaper price. Its volatility is very good and you can never go wrong either way, holding a STEEM bag or getting some profit because of the coiling price pattern and the fact that the value of steem will not collapse as explained below.

This chart is in the 1-hour candle chart shown above from #BinaceGlobal exchange site and it looks bullish to me if not stable at around 58-60 cents and then reaching even 74 cents in Bittrex at the #STEEM-USDT market as shown below and it happen about three days ago.

STEEM reached 74 cents from Bittrex

Src - Bittrex

So because of that it is a good one to pick in trading. Even f you are left with a bagful of STEEM you can use it to stake and invest to give you a passive income which will give you a ROI in 22 months more more less. But if you have it as a house money then it is just pure profit from that point forward.

It is good to own some STEEM, it will not go away, it has a community backing and has a very active economy that continues to roll and will roll as for as long as there is bitcoin which is a major mover of the prices across most Altcoins.

So if even a useless Meme coin goes crazy bullish, what more from a token that also solves human problems. What matters is that it works and many investors, content creators, and traders benefit from it.