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RE: Exchange Transfer Report: 4/1/2018 to 4/7/2018

in #exchangereport6 years ago

Is there any possibilities to increase the rate of steem and SBD?
And do you think it can be a reason to withdraw much from the blockchain and reducing the market cap is the reason for this low price?

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Do you mean increase the price? "Rate" sounds like you mean the inflation rate and the answer there is no, that would involve a hard fork change.

What do you mean by reducing the market cap? If the price of STEEM goes down, the market cap goes down also. As to withdrawals to exchanges and people selling bringing down the price, yeah, that's supply and demand. That said, everything seems to follow the price of BTC since that's dominating most trading pairs anyway.

I actually what to say that if we withdraw steeem or SBD then the market cap will be down so price will be down also.

Withdrawing STEEM means moving it from your account to an exchange account. The market cap is unchanged because the number of tokens is unchanged. If you were to burn STEEM by sending it to @null that could, in theory, impact that market cap, but it would take a LOT of STEEM and is very unlikely.

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.032
BTC 61231.91
ETH 2966.19
USDT 1.00
SBD 3.47