Not every crypto are bearing!
Dear steem-bountiers
last mounth i made this post:
https://steemit.com/cryptocurrency/@intellihandling/today-waves-overtaken-steem
where in my attention there was the Steem situation against Waves.
But casually in that time between Steem and Waves there was an unknow coin named Maker and from my friend @elbiasto there was this comment:
In my opinion waves and steem are both undervalued projects that should be Top 10 coins. Thats why I don t worry about waves overtaking steem. But whats this Maker thing ? I don t think this should have more value than Steem :(
Everybody see that market is bear and BTC price is sticky and the same for Steem and Waves, but so what about this Maker?
In one month they got over 2 times value increased in the bear market!!!
So could you explain me what is going on?
Money are moving in the crypto market but Steem and Waves are now forget?
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Probably just a pump and dump operation.
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Cryptos are almost stable within last month...
Hi friend @intellihandling
if I tell you the truth, I have to investigate about maker, I did not know it, I was more time ago dedicated to trading, and at that time I was very aware of the rest of the cryptocurrencies, but since I joined steemit, I can say that I did to one side the trading
I do not understand very well what is going on with steem, which does not manage to raise its price, perhaps it takes a good publicity campaign to make it even more known, only the largest movement of people, its use is what gives value to cryptocurrencies , as I see it.
What I see of that currency, is that I work with loans, to mime it seems after all this are large financial consortiums or people of great economic weight, because unfortunately the cryptocurrencies are still market, through the blockchain, but after all .
According to what I read in White Paper, it seems like a kind of bank, and obviously that operation that could be somewhat similar to traditional loans, has much more followers, especially loan service providers, such as those who have large sums of money invested in cryptocurrencies ...
Or at least I see it.
But it really is impressive as it has been climbing.
Ibelieve the price rose cuz of Tether issues. Tether's pretty much only job is to be a dollar and it stopped acting like one. It touched 0.94$ on some exchanges as far as I know. That fore sure has helped other stablecoins which are trying to do Tether's job in the cryptomarket. I'm kinda sure this is the reason why the price pumped.
I'm not sure about these but more potential reasons to consider are following:
This means that the btc is loosing dominance. Let's say this another way: some alt coins are gaining its own value besides what bitcoin does.