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RE: The STEEM/HIVE Ratio Is Approaching 1. What Could This Mean?
FWIW, based on this, I don't think it has much to do with the price of SBDs. It appears to me that the gap has been closing somewhat steadily since November, 2021. For most of that time, SBDs were not printing.
Yes, it seems that other factors play a major role here. Obviously, it's a combination of everything we've discussed here. If Hive has an active sale of tokens, in particular through DAO, then Steem, on the contrary, has #burnsteem25 and clubs, plus DAO has been blocked for a long time. Perhaps there are other factors that are difficult to notice at first glance.