Steem is on the rise once again

Steem is on the rise once again. It showed its strength during the recent market rout and held major support. In fact, year to date, the Steem/BTC is actually up 19% while other cryptocurrencies are down 60 to 90%. Steem against USDT, the pair is down 58% against USDT year to date when compared to Hive which is down over 75% against USDT.

One can say when you compared both Steem & Hive prices, the Hive price is almost doubled that of Steem but I don't expect this to last much longer. I expect in the coming days that Steem price would catch up with Hive and double its price. Steem has has a lot of positive developments, Steem is its long history has been battlefield tested and has one of the most competent team. Steem is also listed on major cryptocurrency exchanges with several adding support to its USDT pair.

In the coming days to weeks, I won't be surprised if the likes of Coinbase list Steem. Strength during the Bear market attracts eyes and with healthy trading volume, it's only obvious that the prospects of earning some revenue comes on the table. The Steem platform is growing steady and has maintain healthy metrics proving its resilience. After four plus years, I am still here.

The cryptocurrency market is built upon Bitcoin revolution, what Bitcoin does in the coming days to weeks would determine what the entire market would do. I am bullish on the market & bullish on Steem.