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RE: As Bitcoin price goes up, Steem is sold down...
The market cap isn't at all time high or growing either. Look at Steem ROI.
The market cap isn't at all time high or growing either. Look at Steem ROI.
Very few chains have market caps anywhere near ATHs right now. (I've answered your point wrt Steem ROI elsewhere).
What I'm saying is that because of the larger inflation rate, especially in 2016 when it was 100% annually, market cap is a better metric than coin price.