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

in #steem7 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.