Steem and the Binance Effect.
Whenever a Coin Gets Listed on Binance the Price Jumps.
Today we are watching Steem hold it's own as the crypto market as a whole tumbles. Right now as I write this post Steem is priced at 5190 Satoshis on Binance and 5350 Satoshis on Bittrex.
Pivx Listed on Binance. Check Out the Chart.
There is Always Excitement as a Coin Gets Listed on a Large Exchange.
This is great news as Binance opens Steem up to a new market. This will increase the amount of people who will speculate on the price action of Steem. Binance is an exchange that is loved in Asia so I expect this move will help support the value of Steem.
As we saw with PIVX the price of Steem will likely rise to a new level and sustain that value for a period of time. I don't trade Steem but I know many people do. At this current time I am HODLing my Steem. I see no reason to sell any at this time. I also see no reason to buy. I will wait until the SMT's are finally live before I decide what I will do going forward.
This could explain the large powerdown of the @Steemit account a few weeks back. Liquidity for the exchange. Just speculation but it makes sense.
Steem is now ready to work it’s magic , along with when the SMT are released, it’s game time !!
Whoa clear indication that steem is pulling his weight through BTC debacle.
Keep on steemin'
Thanku for giving information binnance my use
Binance is very good for trader !! i like binance
tnx for upvote
thanks for information that we trade steem in binance also am soo happpy😄
I have notice same effect!! Waiting patiently!! Thanks!!
@hilarski,
Binance accepted but Polo again started a drama! Binance is getting better every day! So this will be huge! Probably huger than Polo! Great update friend!
Cheers~
NO one cares about Poloniex anymore.
Excited for Steem to be on Binance. Sucks that it happened during a period of market consolidation.
great informational post sir.
That's great news from them.. @hilarski
Good news for this week and this month Feburary