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RE: ETH or ETC? AMP or Steem? The advantage of being bi-sexual is that it doubles your chance of finding a date
Unfortunately your graph only has one dimension: price. When in reality Steem has another dimension: supply. The result is that the downtrend is greatly amplified in terms of price, but less so in terms of market cap.
Hi @dantheman,
Thanks for steeping by! I appreciate it big time! Yes, you are certainly right. It is only a brief analysis of price action and neglects many factors - such as basically all fundamental aspects.
The market cap. however fell also in the last weeks in which the price felt that pressure. It did not pull back this significantly as STEEM/BTC though. The recent recovery in the market cap. supports the idea that the price could have seen its bottom end of last month.
Many thanks for your reply!
dantheman, you about that AMP life?