This current event called steemfest. Market cap dropped by 24 million instantly and they havent approved accounts that have now been waiting a week and a half. The lack of consistency in approving new steem accounts will hurt steem in the end when mainstream users try to join.
But why the steemfest caused it to drop?
Parties arent free my friend.
Good point
Im all for parties and good times. I just feel this new account approval inconsistency will limit new comers in the future.