1 STEEM = ₿619 Satoshi -- Are we sure whether the alligator will continue to walk down?

_{(Chart by TradingView)}

In early March, Steem's price in terms of Bitcoin rose above ₿1,000 Satoshi. From there, it gradually declined, like an alligator looking for food.

The Moving Average Convergence Divergence (MACD) oscillator has turned bearish again, signaling that the price of this asset is likely to continue falling.

The Stochastic Relative Strength Index (RSI) oscillator has moved into a neutral range, indicating that the market price of this asset is no longer overbought or oversold. This suggests that the asset's price is currently in line with its intrinsic value.

The alligator's mouth is still open downwards. But, it is unclear whether it will continue to walk down.

Let's continue our journey with the Steem alligator as it faces off against Bitcoin.

About Steem

Steem is a blockchain-based social media platform that rewards users for creating and curating content. It was launched in 2016 by Steemit Inc., a company based in New York City.

Steem uses a three-token system: STEEM, Steem Power (SP), and Steem Dollars (SBD). STEEM is the native cryptocurrency of the Steem blockchain. SP is a staked version of STEEM that gives users voting power on the Steem network. SBD is a half stablecoin that is pegged to the US dollar on the lower side.

Steem rewards users for creating and curating content in a number of ways. When a user creates a post on Steemit, they are rewarded with STEEM. The amount of STEEM that a user is rewarded with depends on the quality and popularity of their post. Users are also rewarded with STEEM for upvoting other users' posts.

Steem has been criticized for its high volatility and for being susceptible to spam. However, it has also been praised for its innovative approach to social media and for its potential to revolutionize the way that content is created and rewarded.

Here are some of the key features of Steem blockchain:

• Decentralized: Steem is a decentralized blockchain, which means that it is not controlled by any single entity. This makes it more resistant to censorship and manipulation.
• Incentivized: Steem rewards users for creating and curating content. This incentivizes users to produce high-quality content and to engage with the Steem community.
• Scalable: Steem is designed to be scalable, which means that it can handle a large number of users and transactions. This makes it a good platform for social media applications.

Steem is still a relatively new platform, but it has the potential to revolutionize the way that content is created and rewarded. It is a promising platform for social media applications and for other applications that require decentralized and incentivized content creation.

Assisted by https://bard.google.com/.