The value of Steem has been falling
the main reasons are:
- Competition has intensified recently with the emergence of platforms similar to Steemit.
- Steem's blockchain technology has lagged behind competing platforms in terms of technology.
There was controversy within the Steem community surrounding governance and token distribution, which led to division and distrust.
Steem appears to be declining due to these complex factors.
Above all, some users received tokens by producing large quantities of low-quality content. This phenomenon was one of the core problems with the Steem platform. This is because users who produce quantitative content rather than quality content receive greater rewards. This has a negative impact on the Steem ecosystem and is a factor that reduces the trust value of the platform.
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