Bearish Outlook As Price Approaches Lows of 2018

EOS CTO Daniel Larimer has actually been the co-founder of three blockchain projects. The first was BitShares, a decentralized exchange. Most recently and much hyped in the community is EOS which has disappointed investors so far since it’s mainnet launch as noted here. In the middle and with approximately a million users is the Steem Blockchain.

Built upon this blockchain is the Steemit platform where content producers are rewarded for posting quality content. Steem, one of the three cryptocurrencies used on the Steemit platform, has been performing poorly. It looks set to return to its all-time lows of 2018 near the $1.1 price point. Amid speculative euphorias of 2017/18, Steem’s price rose above $9 and just back in April, it was priced above $4. Currently, Steem has been struggling to even rise above the 50EMA.

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blokt.com/technical-analysis/before-eos-there-was-steem-bearish-outlook-as-price-approaches-lows-of-2018