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RE: STEEM - Bounce still in progress - Sitting on the long term support line
I just had this thought... Since the it appears the value of STEEM seems to follow the market cap closely.. am I wrong to theorize that the upcoming massive STEEM Power Down on Tuesday as reported by @me-tarzan could be used to boost the value of STEEM when the whales who powered down their STEEM start trading it on the market? Does that increase the market cap? Or am I just plain wrong?