1 STEEM = $0.206 USD - Is the alligator sleeping like the sun-drenched water?

_{(Chart by TradingView)}

Just as the year breathed its last, a silent Steem (STEEM)'s alligator walked up and broke the surface of $0.25, only to be snatched back by the incoming bearish.

However, declining bearish momentum on the Moving Average Convergence Divergence (MACD) hints at a potential trend reversal towards bullish dominance, with upward price movements expected.

Mouth closed, the alligator lounges in the swamp, sleep beckoning like the sun-drenched water.

Let's plunge with this Steem's alligator, secrets of the swamp await.

About Steem (STEEM)

Steem is a social blockchain platform that powers decentralized social media applications. It was launched in 2016 and is one of the oldest and most well-established platforms in the space.

Here are some key things to know about Steem:

• It rewards users for their contributions. This includes creating content, upvoting content, and curating content. Users earn rewards in the form of STEEM, the platform's native cryptocurrency.
• It is fast and scalable. Steem can process transactions in a few seconds, and it can handle a large number of users.
• It is censorship-resistant. Because Steem is a decentralized platform, it is not subject to the same kind of censorship that centralized platforms are.
• It is open-source. This means that anyone can develop applications on top of the Steem platform.

The most well-known application on the Steem platform is Steemit, a blogging platform that is similar to Blogger. However, there are many other applications that have been built on Steem.

Steem is a complex platform, but it is also a very interesting one. If you are interested in learning more about it, I recommend checking out the following resources:

• The Steem website: https://steem.com/
• The Steem whitepaper: https://steem.com/steem-whitepaper.pdf
• The Steem community forum: https://steamcommunity.com/

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