$STEEM
Dear friends hello everyone 👋 I hope everyone is doing well and having a very good day
technical analysis
15m and 1h charts show the price is consolidating near $0.059 US dollars after recent short-term volatility.
4h and 1d charts show a neutral-to-bearish outlook as the price remains below the 200-day SMA, indicating medium-term weakness.
1w chart shows price is stabilizing after a long bearish cycle, with major "iron support" holding at $0.050.
Market indicators give neutral signals with an RSI around 51, suggesting no immediate overbought or oversold pressure.
white paper and how it works 👇
Steem is a blockchain-based social media network that rewards users for creating and curating content, rather than just having platforms keep the profit.
main idea 👇
The project uses a decentralized database to host social interactions and distributes rewards based on the community's subjective valuation of content.
So the model roughly works like this
✍️ Authors earn rewards by posting high-quality articles or comments.
👍 Curators (voters) earn a share of the rewards for discovering and upvoting good content early.
🗳️ It uses Delegated Proof of Stake (DPoS) where "Witnesses" are elected to validate the network.
⛓️ A three-token system (STEEM, Steem Power, and Steem Dollars) balances liquidity and long-term commitment.
The total supply currently sits at approximately 542 million STEEM, with no hard cap as it uses an inflationary model to fund rewards.
recent news 📢
STEEM was recently listed on the Spanish exchange Bit2Me on March 4, 2026, increasing its visibility in Europe.
Technical trackers flagged STEEM as a short-term "top loser" on March 8 after a quick 6.6% dip during market volatility.
For those who want to research more about the project I am leaving the official website below 👇
https://steem.com
#STEEM #Steemit #SocialFi #Web3 #Crypto
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