Whenever there are major price pumps or dumps... the natural tendency is to ask "what was the cause??" This is a hilarious contributing factor to HIVE's overall bullishness over the past three months. Did it really have much to do with our recent price rise? I'm not so sure... I guess it goes back to the concepts of fundamentals vs. technicals and that age-old debate.
I've expected HIVE to hit at least $1 this cycle since last year, so the HIVE Blockchain, Ltd. confusion could just be one of many "events that arise to 'cause' the inevitable."
You know, there is also a different social media app called "Hive" as well as other kinds of confusion that might result in people buying our HIVE without knowing what they're doing. As you said, a turn of fortunate events for our community in any case!
Hive has development, while Steem has nothing going on as far as I can tell. It's junk. Hive has popular and climbing apps like Leo Finance and 3speak. Steem can't even compare. But Steem has a 5 year old name.
It will take, but eventually reality will clash with the fake appearance/unreality. The crypto sphere will come to recognize the value in Hive/HIVE. And they should also come to recognize the over-valued Steem/STEEM.
Agreed, obviously... with the caveat that I don't follow STEEM anymore, it's basically a dead chain to me. So theoretically there could be development going on behind a language barrier of Korean/Chinese or whatever other communities are most active there.
Either way, I don't really care what goes on there at this point. It is unfortunate that STEEM kept the good SEO and other "brand awareness" aspects of being a 5-year-old chain... but they certainly sullied their reputation beyond repair in my eyes with funds theft.
I'm interested to see what will happen in terms of STEEM value long-term, but it's more random curiosity than something that really matters to me now that we have HIVE.
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Steem will pump this year and then after that its dead.
I would love for that to be the case as I don't see the purpose of the chain. It's always possible remaining holders will develop it in a different direction but I see it as a low possibility to be honest.
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Yeah, one of many, apparently Koreans on Upbit is another, bigger reason. Why are they? I don't know :P
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