Steem clawing its way back - Climbing up the list on Coinmarketcap! by jrcornel

View this thread on steempeak.com
· @jrcornel · (edited)
$23.52
Steem clawing its way back - Climbing up the list on Coinmarketcap!
# Steem moving up the ranks on Coinmarketcap.com!

After languishing around the 50th spot on coinmarketcap for what seemed like months...

Steem is finally making a serious charge back up the ranks!

At the time of writing, steem is sitting at #36 on coinmarketcap:

https://i.postimg.cc/mkjVGG8K/Screenshot-8-LI.jpg

(Source: https://coinmarketcap.com/)

# Steem is showing great relative strength!

Not only is steem climbing up the ranks on coinmarketcap, but it also showing great relative strength.

Relative strength is just a measure of how a coin (steem) is doing in comparison to others.

You can see from that screenshot above that steem is up roughly 18% on the day, more than any other coin around it.

# In fact, steem is up more than any coin in the top 50!

I am not sure if this has anything to do with the recent exchange additions for steem or it's completely unrelated...

Either way, it's nice to see!

Would love to see steem break through $.50 in the near future here...

Stay informed my friends.

-Doc
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@teutonium ·
It's weird for just one crypto to pump...Total marketcap is more or less the same, so it's probably just money moving around trying to fish someone to buy before dumping on them, but let's wait and see, next 2-3 months are critical to spot a reversal or a further dump. If I happen to spot early signs of a reversal I might deploy my money in and be over with this wait... 
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@jrcornel ·
$1.64
Very possible and probably likely. I don't care if that is the case or not as long as they run it up high and then it holds a higher floor when it comes back down!
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@teutonium ·
Oh, I'm sure that the next time we have a bull market Steem will run really high and hodl a much much higher floor...

I'm becoming dyslexic from writing "hodl" too much, I now do it without actually wanting to...
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@toofasteddie ·
This is a 3rd wave completion...let’s see a small correction coming 

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
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@jrcornel ·
$1.60
Where do the waves say we go next?
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@toofasteddie ·
On Elliot Waves Theory and my last post 😂😂😂

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
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@brakan ·
I dont know why, but i fucking love it! Glad i bought some Steem the last 3 weeks! Lets hope it goes towards old highs!
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@jrcornel ·
$1.57
Yes, though $.47 is a long ways from $9! I like your optimism though.
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@brakan ·
Tbh i am an optimist, but Im not really picturing it any over 2-3$ which would be great! I feel the short times it’s been over 4$ it’s been really specific short term reasons for it and not something I would expect to see again :)
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@mrme1984 ·
$0.10
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@jrcornel ·
$1.67
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@oldtimer ·
Let's just hope the steemit blockchain is ready for the next wave of newcomers.
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@jrcornel ·
$1.54
They have to have been doing something the past 2 years right?!
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@abrish ·
Yeaaaa dear, Optimism is the faith that leads to achievement. Together will enjoy our hope. Cheers!!!
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@jrcornel ·
$1.48
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@tts ·
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/jrcornel__steem-clawing-its-way-back-climbing-the-list-on-coinmarketcap.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
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@jrcornel ·
$1.51
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@steevc ·
That's good to see. I expect we will see falls again, but I hope it doesn't drop as far as before. I want to see it in the top 30 at least soon. Maybe this will boost general confidence.
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@jrcornel ·
$1.40
The higher it is on the list the more visibility it has for investors and traders. I would love to see it within the Top 20, but that may be wishful thinking...
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@steevc ·
It's been there before, so why not? I can wait a while for that to happen. Steady growth built on real progress is what we need, not just speculation.
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@cryptopie ·
The steem Bears  might pull it right back down @jcornel and that is in steem's history.
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@jrcornel ·
$1.34
I would not bet against that happening actually...
👍  , , , , , , , ,
properties (23)
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vote details (9)
@doitvoluntarily ·
sweet!i think it deserves to be much higher than around 50😆✌
properties (22)
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@jrcornel ·
$1.26
I would love to see it within the Top 20 personally!
👍  , , , , , , , , , , ,
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vote details (12)
@newageinv ·
It does seem that everytime more liquidity is added, prices improves although it is interesting that it just leads to more Steem on exchanges instead of powered up which is concerning.

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
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@jrcornel ·
$1.23
Yes and no. I mean that steem has to come from somewhere, IE buying. Then once it is on the exchange there has to be a certain amount on there at all times to maintain liquidity. So, it may not be powered up but it is quasi locked up.
👍  , , , , , , , , , , ,
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vote details (12)
@corndog54 ·
Go Steem Go 👍💰👍
👍  
properties (23)
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vote details (1)
@jrcornel ·
$1.42
properties (23)
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vote details (8)
@blockchainnerd ·
$0.03
more important for me is to reach a higher decentralization and censorship resistance :)
👍  ,
properties (23)
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vote details (2)
@jrcornel ·
$1.45
Perhaps that first part, but not sure about that second part.
👍  , , , , , , , ,
properties (23)
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vote details (9)
@blockchainnerd ·
$0.03
i think a kind of self regulating space with freedom speach
👍  ,
properties (23)
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vote details (2)