A few hours ago, $STEEM pumped and dumped.
It's so disgusting. I don't still understand why big players pumped and dumped again. It started at $0.517 and it ended at $0.538. They don't need to be such a that. Why do they take small profits?
Definitely, spot $STEEM is leading futures $STEEM. I thought futures market of $STEEM is much bigger than spot. It wasn't.
Historically, $STEEM ATH(All Time High) is $8.81.
In contrast, ATL(All Time Low) is $0.044. The previous ATL was $0.06 in Mar 2017 when it was 9 months ago. The current $STEEM price is under the previous ATL. That's why I feel disgusting.
Manipulating the price of low-cap altcoins is very easy if you have liquidity of a handful of millions! Too bad because Steem is a coin with a serious project behind it and not a speculative memecoin! Beyond the speculation of whales, in my opinion, Steem will give satisfaction in the future by aligning itself with an average price of 0.3 x Coin, a bit like the price of TRX now! There is a need for a liquidity injection of a few million from whales or TRX Foundation