Steem price now in market
The current situation is not really great for the crypto market, and there are some coins that are into kind of stable zone this time, and steam is also there, I believe. This coin is going through a mixed market sentiment where sometimes the price goes up by 10 to 20%, and sometimes it is done by single digit percentage and sometimes 10% also.
recently we have seen some spikes coming to the coin price, which was good, and it was expected that now the price would rise further; however, that did not happen, and again it is back to the similar price range from where it started. I believe that this time recovery is going to take a long time, but it's a crypto market, and we just can't predict how things are going to be because sometimes growth is so significant and amazing that it happens in a matter of a few days and even a few weeks.
While the coin price is low, I believe that this is also a good opportunity for long-term believers to build a holding. It is valuable because more power means we have more influence on the platform, which is what is needed, and everyone wants to achieve that.
I also have the same thought where I'm trying to grow my SP as much as possible especially this time when the prices are low so I am converting as much as I can into Power with the hope that things are going to be more valuable in future and I'm fine with the fact that this can be a long term since I already have the long term sentiments and vision for myself.
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I am really praying that hopefully the price of Steem will definitely shoot up back