3 Cryptos That May Never Make All-Time Highs Again - the third one will shock you

Apparently, I just read one of the most, what's the word? "Realest" industry reports for a long while, and I'm sure you're probably wondering what its content may have been, well, read on to find out, but here's a hint - the SUN isn't shining any more :)

The reality of the thousands of crypto projects

In as much as we're seeing a grand expansion in terms of users and builders in the crypto industry, it's rather clear that there's quite a ton of shitloads in the crypto markets. Being an "open to all" type of economy, it's rather pretty easy to push all the shits the world has to the ecosystem.

I should warn that this post is meant for entertainment purposes more than it's gonna teach you shit, so are you ready to find out what cryptos the media feels can never reach its previous all time highs?

Remember that these aren't my words, but I agree with the 3rd on the list.

So, tada!

Lunc, SLP and what?

STEEM

come on, say it louder

STEEM.

The STEEM price has been falling underneath a descending resistance line since April 2021. While doing so, it also broke down below the $0.25 horizontal area, which is now acting as resistance. The confluence of these two resistances makes it unlikely that the STEEM price will break out.

As a result, a decrease toward the $0.14 horizontal support area seems to be the most likely scenario.

There seems to be a decreased demand for STEEM, since the high of the current bull run was considerably lower than that of 2018.

An increase of 545% would be required to reach it, while an increase of 4300% would be required to reach the all-time high of $10.17. As a result, it seems unlikely that the STEEM price will be able to reach one.^[s].

There you have it, STEEM has been written off, dump and buy yourself some Mcdonald caps, I heard a rumour that STEEM holders are not considered crypto investors, but bagholders holding on to their own shits hoping it doesn't smell and chase everyone away.

Well, you know what they say about rumours? There's always some truth in-between, so, read between the lines fam.

Goodnight, thanks for reading my shit post 😂

Drop a comment, your thoughts matter to me

Posted Using LeoFinance ^Beta