Steem Perform As Well After The BTC Halving

Assalamu Alaikum friends,
I hope everyone is well and healthy. On the morning of April 20, Bitcoin halved. After the Bitcoin halving, several coins had a direct pump effect. Due to this, the price of all those coins has started increasing and a bull market is predicted. However, it is not the case that the bull market has already started. Through some signals or through market correction, it is easy to understand which position the market is going to. According to the current market conditions, it can be said that the Bitcoin market is at a neutral level.


[Source](https://www.binance.com/en/trade/STEEM_USDT?_from=markets&type=spot)



The native token of the Steemit platform is Steem and this Steem dumped around 25% before Bitcoin halving. As a result, a kind of panic sale appeared. And because of this panic selling, Steem lost more of its value. As a result, dollars started to come out of Steem's total market cap.

But, since the halving of Bitcoin, Steem has gradually been able to overcome this inflation. Due to the dumping, the price of Steem dropped to $0.21. Due to this dump, the price was then in the $0.24 to $0.25 zone. But for the last 2 days the price of Steem started pumping and today that pump lasted till 0.3660$.



[Source](https://www.binance.com/en/trade/STEEM_USDT?_from=markets&type=spot)


This pump was very effective for Steem's upcoming bull market. Because, in order to attract investors, we have to go through this kind of pumping from now on and I think Steem will be able to move forward according to its target during the bull. Today the price of Steem started pumping from 0.28$ and it touched a maximum of 0.3660$. Now Steem is standing at $0.30.

Expect Steem to take its price above $0.50 in the next few months. This is my personal opinion. Because the bull market started immediately after Bitcoin halving and the bull market pumped up the price of every coin/token.