RE: The STEEM/HIVE Ratio Is Approaching 1. What Could This Mean?
When I saw the question on Discord earlier today, I thought I’d see if it had been mentioned on Hive and found very little. The only thing I found was an observation of the gap closing and a request for the whales to stop selling their profits… which would be contributing to the gap closing. Their DAO has been paying out huge sums of money on a daily basis - which appears to be big whales “milking the system”. These projects are increasing their selling pressure for the dApps which these charts show aren’t providing the benefit that they’re costing. (I’ve got to be mindful of talking myself out of a job here!) literally hundreds of HBD per day are going to these projects with an initiative to peg HBD at $1 almost certainly impacting the price of Hive too.
The trading volume also makes STEEM more attractive too which I think is a contributing factor.
What an interesting observation. This can really be one of the reasons why the price of HIVE grows slower.
This is a great danger. The lack of regulation of justified allocation of funds is very similar to corruption, which causes poor countries in poverty. Hive really has more Dspps, but I have never deepened whether these DApps are something interesting and useful.