STEEM looks good to keep going in the near term
After a bout of volatility STEEM looks ok going forward
We had a bit of a scare this morning with STEEM falling by as much as 10%.
However, a few hours later and STEEM would pretty much take back the majority of the drop, especially the last part that was the most violent.
(Source: https://www.mexc.com/exchange/STEEM_USDT?_from=search_spot_trade)
This is a 15 min chart so isn't really looking beyond the next several hours or days.
That being said as long as STEEM holds above $.28 SBDs will keep printing and that is very beneficial to Steemit.com users.
So, as long as we hold that level, it's all good!
And remember it is the 3.5 day average so even if it dips to $.28 the SBD printing doesn't just stop, it's the 3.5 day average price.
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It will be interesting what happens. I was going to do a proposal but the one guy who got a proposal approved when I look at his wallet it doesn't seem like he is getting paid out the SBD for getting his proposal over that return proposal thing so I don't know what is going on.