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RE: Is STEEM headed to the Moon? I don't think so...
That spike was probably a reaction to the new economic changes to Steemit scheduled for Nov. 16th, It was announced a few days ago and theprice spike happened in sync to the announcement.
We'll probably see it drop again as the powerdown is changed from 104 weeks to 13 weeks as per the change, then see it rise again after those 13 weeks pass.
Maybe after the 13 weeks some of the whales will be out of here!