1 STEEM = $0.158 USD -- Will the alligator continue to move downward, perhaps even more quickly?

_{(Chart by TradingView)}

In mid-April, Steem's price approached $0.23, like an alligator about to strike. However, it has since slowly drifted back down.

In addition, the Moving Average Convergence Divergence (MACD) oscillator is also indicating a bearish trend. This means that the price of the asset is likely to continue to fall.

The Stochastic Relative Strength Index (RSI) is used to identify overbought and oversold conditions. When the RSI is in a neutral area, it indicates that is neither overbought nor oversold. This suggests that the price is in line with its intrinsic value.

The alligator's mouth is opening wider and wider, as if it is getting ready to eat more. It is possible that the alligator will continue to move downward, perhaps even more quickly.

Let's keep going with this Steem journey, with our alligator friend by our side.

About Steem

Steem is a blockchain-based social media platform that rewards users for creating and curating content. It is powered by the Steem blockchain, which is a decentralized network that allows users to interact with each other and earn rewards.

Steem was created in 2015 by Ned Scott and Dan Larimer. The platform was designed to address some of the problems with traditional social media platforms, such as censorship and centralization. Steem is open source and anyone can participate in the network.

To use Steem, users need to create an account and start posting content. When users post content, they are awarded Steem tokens. These tokens can be used to vote on other content, purchase goods and services, or exchanged for fiat currency.

Steem has a number of features that make it unique from other social media platforms. First, it is decentralized, which means that it is not controlled by any one entity. This makes it more resistant to censorship and manipulation. Second, Steem rewards users for creating and curating content. This incentivizes users to produce high-quality content. Third, Steem is open source, which means that anyone can participate in the network. This makes it more transparent and accountable.

Steem has been growing in popularity in recent years. It has a large and active community of users and a growing number of developers are building applications on the platform. Steem is still a relatively new platform, but it has the potential to revolutionize the way we interact with each other online.

Here are some of the benefits of using Steem:

• Decentralization: Steem is a decentralized platform, which means that it is not controlled by any one entity. This makes it more resistant to censorship and manipulation.
• Rewards: Steem rewards users for creating and curating content. This incentivizes users to produce high-quality content.
• Open source: Steem is an open source platform, which means that anyone can participate in the network. This makes it more transparent and accountable.

Here are some of the challenges of using Steem:

• Complexity: Steem is a complex platform, which can make it difficult to use for some users.
• Volatility: The price of Steem tokens is volatile, which can make it risky to use Steem for financial transactions.
• Security: Steem is a relatively new platform, and there have been some security issues in the past.

Overall, Steem is a promising platform with the potential to revolutionize the way we interact with each other online. However, it is important to be aware of the challenges before using Steem.

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