Steem Price on downtrend

This is a tough time in the market, and most of the coins are impacted because of the market downtrend. And Steem is also impacted because the current price is less than $0.08, and it's continuously going down, which might take it closer to the $0.07 price mark. People are worried about the market sentiments that when they are expecting the market to do well and all rally to start, but sadly that is not happening, which is why people are really concerned about whether they are going to witness the all rally this time or not.

I remember that in the last cycle, when the Alt Rally was started that we saw a big time dump on the price for most of the points, and even that time, the steem price dropped a lot. I'm not sure whether this time it is going to happen the same way because it is marked, and we just cannot predict how it is going to perform.

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This time, even Bitcoin is impacted because if we look at the price for Bitcoin, you can see the downtrend in its price as well, because there was a time when Bitcoin was around 125K US dollars, but now it is on a downtrend, so it is somewhere around 105K US dollars.

Let's keep on checking the market sentiments, how it happens, but I believe that things will improve, which might take some time, and that can be like this month or maybe next. It's all about market sentiment, and once the rally starts, you will experience a significant rise in prices, and it just happens in a very short span of time.

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