Crypto market works in cycles. There is a time when crypto market comes to boom and on other occasions it goes down and down. We have seen that 2018 was the time when cryptocurrencies first make an impression over the financial world. Then in late 2021 and 2022 we saw cryptos booming. Last crypto uptrend was seen during 2025 when Bitcoin even crossed $100000 price barrier. But, after every boom there was a time when crypto prices fall to bottom. Steem performed the same during these cycles. It has already corrected to a level that is unprecedented. I think this is the lowest ever price of steem which it is trending in the current time. Has it reached to the bottom or should we expect more drop in its price?
I don't know but I have no choice but to power up because I don't like to sell my stake for a few dollars. That's why I'll power up on next day because that will be #steempowerupday.
Thanks