RE: Why Does Steem Lag in a Bull Market for Cryptocurrencies?

You are viewing a single comment's thread from:

Why Does Steem Lag in a Bull Market for Cryptocurrencies?

in steem •  7 years ago 

STEEM is slowly sinking down the list of cryptos. Currently dropped to #38 on coinmarketcap.

You do understand that STEEM has lost more than 70% of value in last 3 months, if you benchmark against BTC price. Other alt-coins are losing at a slower rate, so STEEM is on net sinking down the ladder.

There is a reason. The market has looked at STEEM and steemit.com; and does not believe your investment thesis.

You can prattle on about intrinsic value, but the market doesn't believe you.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

replied below