You are viewing a single comment's thread from:
RE: As Bitcoin price goes up, Steem is sold down...
Even taking into discounting 2016, STEEM has been losing against BTC in the long term when it comes to token price. But what about market cap?
Posted using Partiko iOS
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.