While the market situation is not really great at this moment, and at the same time, the price drop we see for the steam coin is really alarming, and I believe this will also affect a lot of people who have been holding on for a long time. We cannot deny the fact that this is happening because the alt market is really in a bad shape this time, and we have no idea when this is going to recover and because of that, some projects will be impacted badly, and probably steem is also one of them.
The current price is around $0.05, and I think this is the lowest I have ever seen. So undoubtedly this is a serious issue, and even now there is no certainty if the price will stay here or it will drop further, so maybe the case that we are going to see iif steem below $0.05. The question is what people are going to do when the price continues to fall like this. And a lot of people have trusted this platform, So I the coin doesn't fall so much, so that people lose their interest.
While I track the market closely and see the price movement, I'm hoping that this situation will recover someday, but one thing is clear: it is going to take a lot of time, so we just can't expect the fastest recovery happening in next few weeks or maybe months because I'm anticipating that the time is going to be longer this time.
Again this is a market and what I think is not going to happen because nobody can predict the market completely and I'm just telling this based on my understanding but I'm not a pro in this and I can be wrong so please do not follow my advice but I'm just sharing my thoughts here what I feel in the current market situation and how it can turn out to be for a lot of people.
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