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RE: The STEEM/HIVE Ratio Is Approaching 1. What Could This Mean?
I don't know much about trading, but which exchanges the coins can be traded on might be a factor. My guess is that Hive has a more USA-centric userbase, but the regulatory environment in the US has made it harder to access smaller coins (eg Bittrex shut down, Binance always had a smaller US subsidiary with only a limited selection of coins, etc.).
This may be one of the factors. Hive has more "western" users, while we have more users from underdeveloped countries.