Has the Steem & SBD bull season started?
Is this STEEM & SBD pump sustainable?
If you hold Steem or the steem backed dollar SBD then there is good news for you
Steem token is up in price. If we look at the 24 hours chart then we see a good pump in value.
The steem token price on 24 hour charts shows
1 steem = $0.2952 this is up 22.07% (1d) in the 24 hour time frame.
On a 7 day time frame it is up 31.6%
For some this could be just a pump and dump but the monthly 30 day chart tell an interesting story.
The steem chart is showing that the price has peaked like this for the 2nd time.
That raises the question if this is something more than a pump only to be dumped.
SBD or steem backed dollar is upbeat too
Steem blacked dollar or SBD is a great chart to watch especially if it stays in the green.
In the last 24 hours it did spend some time above the $5 mark
Stepping back to see the trend confirmation in the 7 day chart one finds the green trend is preserved there too.
The monthly chart of SBD shows a couple of times the SBD price attempting to break out of the range.
Steemit is a great web 3.0 platform and a good place to earn the steem tokens as well as SBD
What we see in terms of the price action could indicate some fresh interest from investors in this innovative social media platform and its token.
Web 3.0 is the place to be and steemit is a leader in this space.
Those who grow their accounts in the bear season would surely benefit when the bull season arrives.
Looking at the charts it is possible that the sustained bull season for steemit may be in sight.
Keep creating content on steemit folks and keep growing your portfolio and account.
Happy steemit days folks
Disclaimer: No financial advice The purpose of this content is for education purpose only. Please DYOR before making any investment
All images taken from coinmarketcap and the meme created by me
hi there @time2travel
I would not expect current STEEM pump to be that sustainable. But it's enough if (in relation to bitcoin) it will hold on current levels. And as long as price of BTC will continue to increase then price of STEEM (in relation to usd) shall increase as well.
Isn't awesome to finally see SBD rewards back ? I've been waiting for it since ... forever haha :) I'm guessing we all did.
ps.
I haven't been reading and commenting on Steemit for quite a while already. Quite a lot of shit has been happening lately in my life and I could not commit into being present on the platform. But now my life finally seem to be getting back to normal so I decided to be back and see who is still present here.
And I'm glad to see that you're still around buddy.
Enjoy your weekend,
Cheers, Piotr
Good to have you back Dear Piotr,
What is happening with SBD & steem feels good.
The SBD rewards are back and this is surely the good part of the space.
Would the pump be sustainable?
God knows but if we have like 2 pumps a month with higher highs and higher lows the TA guy would say we are in an uptrend
Take care buddy!