Steem’s Value Skyrockets as the Major Coins Turn to Red

As the depression continues to plague the crypto market, this week witnessed some disastrous performance from the leading currencies. With the major currencies turning to Red and Bitcoin creeping back to $8,800 price range, Steem features among the biggest gainers this week, as its price moves up by 25% on April 26. The mid-week market crash, which can be associated with the news of the suspension of ERC-20 tokens following the hacking of smart contracts, was a severe blow to the investors. Much to the traders’ surprise, the price of Steem increased steadily, gaining 29% in the last 24 hours. The financial asset, which has moved by 42% this week, is trading at $3.56 at the time of writing.

When compared to other currencies, Steem’s performance has been rather impressive. The financial asset has also witnessed a steady rise in trading volumes. As of April 26, 2018, the trading value of Steem stands at $157,106,000. Steem, which is available at $3.56 or 0.00040899 BTC, is available on a number of popular exchanges like BuyUcoin, OpenLedger, Bittrex, Vebitcoin, etc.