Steem and the Binance Effect.

in #steem7 years ago (edited)

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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.

Congratulations Steemit, We Now Have One More Location Where We Can Trade Steem.

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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.
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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

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Good news for this week and this month Feburary

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