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It absolutely will have a ripple effect on the overall crypto market, and STEEM is a particularly strong coin.

Actually, while there are a lot of terrible things about institutional money flooding the market, one really good thing for coins like STEEM is that they are more discerning investors. They actually care about things like a working product. On that score, STEEM stands head and shoulders above most others. I think we should see a higher proportion of the altcoin rise once the word reaches the right circles, and there's a team on here working hard to make sure it does.