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RE: What's going on with STEEM on Bithumb?
Well if you ask me, the traders there have the right idea.
They know Steem is undervalued and that it will moon soon. 😂
But seriously though, i think its just pure speculation due to a closed exchange. Will it spill over? It might but we will probably see a sharp drop on Bithumb steem price before it does. Steem at 9$ isnt happening any time soon i think.
Should also take into consideration that $9 is just $2 higher than all time high for Steem so it's not that of a magical number. Traders could care less if 1 STEEM is $5 or $30. Long term holders for stocks are used to 5-10 years of holding something. There are plenty of coins around $100 range that do way less than the STEEM Token.