1 STEEM = $0.177 USD -- Is the alligator getting ready to sleep?

_{(Chart by TradingView)}

The Steem alligator went up and passed over $0.2 in mid-July and then has been walking down slowly searching for prey ever since.

However, the Moving Average Convergence Divergence (MACD) indicator, which tracks the price momentum of an asset, had been in a downward trend for nearly a month, but it has recently turned upwards, indicating a potential bullish trend.

Meanwhile, the Stochastic Relative Strength Index (RSI) is currently at a midpoint between its maximum and minimum values, suggesting that the price is fairly valued.

Now, the alligator's mouth is closing, which could be a sign that it is getting ready to sleep.

Let's keep an eye on this Steem alligator as it starts its journey.

About Steem (STEEM)

Steem is a blockchain-based social media platform that rewards users for creating and curating content. It is designed to be a more decentralized and fair alternative to traditional social media platforms, where users typically do not receive any compensation for their content.

Steem uses a three-token system to reward users:

• Steem (STEEM) is the main cryptocurrency of the Steem blockchain. It is used to pay for transactions and to power the Steem rewards system.
• Steem Power (SP) is a staked version of STEEM that is used to vote on content. Users who stake SP are rewarded with a portion of the STEEM rewards that are generated by the platform.
• Steem Dollar (SBD) is a half-stablecoin that is bottom half-pegged to the US dollar. It is used to pay for goods and services on the Steem platform.

The Steem rewards system is based on a number of factors, including the quality of the content, the number of upvotes it receives, and the amount of SP that is staked on it. Users who create high-quality content that is upvoted by a large number of people will earn the most rewards.

Steem is still a relatively new platform, but it has grown rapidly in popularity in recent years. It is now one of the most popular blockchain-based social media platforms in the world.

Here are some of the key features of Steem:

• Decentralized: 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-based: Users are rewarded for creating and curating content on Steem. This helps to incentivize high-quality content and to create a vibrant 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 viable platform for large-scale social media applications.
• Transparent: All Steem transactions are recorded on the blockchain, which makes them transparent and auditable. This helps to ensure that the platform is fair and honest.

Steem is a promising new platform that has the potential to revolutionize the social media industry. It is a decentralized, rewards-based platform that is designed to be fair and transparent. Steem has the potential to create a more equitable and rewarding environment for content creators.

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