You caught me on this one. Looks like STEEM has broken out of the 6 month long extended slow downward spiral with the recent big announcements.
Sarcasm off - nope, that hasn't happened. STEEM has fallen to 29th place, and is just a couple of weeks away from being 31st.
The trend has not changed on long term price.
Which is truly amazing. The folks that are on STEEMIT and trying to contribute to STEEM aps are some of the most motivated and religiously committed folks I have ever seen.
And yet the price of STEEM slowly continues to drop.
Imagine what STEEM price would be if it was not for all the evangelicals. OUCH !!!
Imagine what all the other social media sites were like when they were still in Beta.
Not worried about a yearly chart. Take a look at the 5 year chart. . Oh, you can’t. Steem hasn’t been around that long.