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Perhaps most of it is. However, I still see plenty of accounts still early in the power down cycle. The main reason I am suspicious is my Steem value has held steady while my Hive value has grown to surpass it. It seems like my value has doubled by simply doubling supply. It is entire possible that Steem would be worth double right now if not for Hive but it feels too good to be true and I tend to follow my dad's rule: If it seems too good to be true then it probably is. That being said, I would like nothing more than for you to be right because I would get to continue my Steem adventure!