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RE: Steem Total Value Powered Up - $62 million - May 8, 2022
The high powerdown this week seems to be influenced by the desire of many investors to take temporary profits because there are hopes for an increase in the steem exchange rate in the span of two weeks ago. Hopefully they will continue to hold their steem until they are able to stem the decline in the exchange rate.
I think this price drop, can also affect the psychology of other investors to buy and influence the price to go up.
Let's enjoy the movement of steem prices, and we will be the winners at the end of this year.