Not immune to the volatility that plagues other cryptocurrencies, STEEM prices have dropped significantly since its inception in 2016. However, recent improvements in the economics system, staffing, and focus on the social media aspects of the currency have seen a 7-day rally for the currency. Prices have risen from $.20/STEEM coin to $.75/STEEM coin within a very short time period, presenting larger payouts for users, and creating more stabilized momentum for the platform.
The currency has recently been a subject of interest for Bobby Lee, CEO of BTCC, a cryptocurrency trading platform based in China. Steemit user, @cryptofiend, has urged fellow users to vote for STEEM in Lee’s Twitter poll, saying that “BTCC is one of the big Chinese exchanges – an addition to another big exchange like this will both raise awareness of Steem/Steemit and also help to increase volume and stabilise the price.”
Another Steemit user, @kingscrown, has also urged users to vote, saying “Currently due [a] to bull market they decided to run a poll and check which coins to add additionally.”
