Steem was mas made as a, what's the word, side chain, off ethereum like polygon. The higher the value of eth the more likely Steem will climb because if eth hits zero ---- stops working so do a lot of tokens based on eth.
I guess the bond is now broken as ETH went quite up in the last 2-3 years and STEEM did not?
Thank you, I will look up more into this. Maybe extract some historic data to see it better.
How so? Please explain.
Steem was mas made as a, what's the word, side chain, off ethereum like polygon. The higher the value of eth the more likely Steem will climb because if eth hits zero ---- stops working so do a lot of tokens based on eth.
I guess the bond is now broken as ETH went quite up in the last 2-3 years and STEEM did not?
Thank you, I will look up more into this. Maybe extract some historic data to see it better.