WHY is STEEM more worth than BitShares ? STEEMIT is just a DAPP - BITSHARES is the BLOCKCHAIN !
Disclaimer: THIS IS NOT INVESTMENT ADVICE. I'M NOT A FINANCIAL ADVISER.
Who wants to make some money?
We all know Markets don't have to do anything with reason. Maybe this is why the Marketcap of Steem is greater then the Marketcap of BitShares. Please remaind yourself: STEEMIT is a DAPP thats runs on top of the BlockShares Blockchain.
- BitShares Marketcap: 11 Million
- Steem: 25 Million
In my book, this is unreasonable. Thats like when Lisk would be more worth then Ethereum.
Don't get me wrong. I'm not saying STEEM is overpriced, no quite the contrary. I think BitShares is MASSIVELY UNDERVALED.
Im my opinion the Maket will realise this funny fact and correct it.
I expect BitShares to at least double in value after the Market realizes that STEEMIT runs on BlockShares. I would buy BlockShares now, they fixed their internal problems and the price is at a all time low.
STEEM is just the beginning, many other great Dapps will follow on BitShares and other Blockchains.
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STEEM is not runnning on top of BitShares.
They are totally independent beasts.
I have to actually agree with you on this one!!
crypto is valued by what the users are doing with it, not what it can do, but what it is doing, I just made a video about this, in the video I even asked myself what blockchain does steem run on, as I had no idea it was bitshares
It runs on the Steem blockchain
What is BlockShares?
Bitshares runs on its own chain and uses graphene toolkit, the same as steemit. Bitshares is totally undervalued in my opinion and as more of the grass root projects come online it should gain in value.
Consider peerplays, peertracks, blockpay etc as examples.
Thanks
Michael
Upvoted you