I wonder how Amazon, PayPal and eBay ranked among DotCom valuations in January 2000? Steem is down at #30 despite being consistently #1 in transactions per day since June. Loads of those top cryptos are completely dead in terms of community activity, and especially transaction volume.
You are viewing a single comment's thread from:
Trading volume of steem is low 1-2 mill every day, there is also more selling pressure than buying pressure. When everyone is earning and selling steem and there are not that many investors you get those results. In top 30 Steem has the lowest volume. When network starts accepting more people in the future those numbers might rise, until then we may go to #50 and 50' cents per steem range.
Isn't it weird that the top metrics used in crypto space are market cap and trade volume? Pets.com had plenty of buying pressure, it didn't make it sound. Many of the real businesses that came out of DotCom bubble didn't even do an early IPO.
It is a weird science, sometimes it makes no sense. Some coins in top 30 are valued at billion dollars with nothing to show off. And yes steem has the most transactions, and not enough buyers atm. No real critical growth is the reason we are stagnating. And it is a damn sure that we are not ready for more than million users per day. Curating those numbers would be a nightmare without community feature.
I think the same. The price of steem must be low for mass adoption. I wonder how the price might change when APPICS (i.e. the first SMT) will be released !