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RE: Guys, why falling exchange rate of STEEM?
Simple.
- It's still affected from new wealth dumping Steem to convert to fiat. These are not crypto enthusiasts but bloggers who want to get their money out and spend it RL.
- ETH and ETC dramas. Volumes are insane and most alts down
What can we do?
Promote to everyone to keep STEEM powered up.
Tell all your friends about STEEMIT. The more influx of new people, the more the price will remain high.
Overall, don't stress. It's all part of the process