I mostly wanted to make note of this because I missed it, and it was @raluca who pointed it to me the other evening (yes, we're sometimes spending parts of our evenings watching Coinmarketcap evolutions, which, under certain conditions, can be more exciting than action movies).
Both cryptocurrencies are hovering around 1 and a half billion USD market cap, which is astonishing, for projects launched just 2-3 years ago. Also, it's worth noting that just a year ago, a market cap over $1 billion would have guaranteed a place in top 10.
Well, not anymore.
On a side note, it's a bit concerning that projects with nothing more than a white paper and a shitload of marketing money thrown at the naive cohorts of crypto fans, are riding the top 10, while established projects, with battle-tested technologies and a real user base, like Steem and BitShares, are sitting below top 30.
Well, I guess naivety has its price. And it's a very high price to pay, IMHO.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
Great news.. I wish and hope that Steem overtakes EOS in marketcap...
Popularity boosted by hype will soon run dry. But popularity caused by being an interactive platform will definitely rise slowly but surely... With sustainability. Word of mouth is still the best marketing.
Thanks again for the very informative post.
I didn't notice you were the one who created steem.supply. I' m checking it now, and it's really very helpful!
By the way, back to the topic, I hope that STEEM further accelerates, and this can happen when all of us here do our part. :)
i use it daily. it's one of the best tools for checking steem.
I agree! It's helpful when you are setting goals for yourself. A great tool indeed!
@dragosrous,
Well said Bro. Lots of shits at the top while the future at the stress test.
Cheers~
STEEMIT will be back where she belongs in the TOP 10 I can sense it. You cannot keep her a SECRET Forever............
steemit's first meeting with the market was quite controversial, it's been called a scam from 30% of people and with good reason. Btw Steem is the blockchain, steemit is the site, steemit isn't on coinmarket cap they are a private company.
I think people are just caught up with the usual, so nobody's expecting or paying attention to the huge slew of information the internet is providing, everyone is on their news board and by the time the news is broadcasted it's already waaaay tooo late and I don't even want to get into the bullshit articles "news" reporters write from time to time.
We all should get to together and "HYPE STEEM UP" throughout the internet haha
Hype is a powerful force. The day of Steem will come
Yup I know I was thinking steem was top8 a while back, now even at the peak it dropped significantly in the marketcap, buuut big business has it's tentacles so they have the money and the speculators follow the money and boom, nothing new, stupidity triumphs, bitcoin is a bubble :D
The projects that are boosted to the top 10 purely by marketing are the ones that are going to fall dramatically at some point when people start paying attention to utility more than hype with cryptos.
I'm not too sure, projects take a long while and people are allover the place, plus there is a lot of misinformation, solicitation and of course whales pumping the coins up
couldn't agree more with that...
We might have some marketing coming online tomorrow.
I find it funny to see how many ICO with bad marketing and no true concept like the rinse and repeat HYIP get so much attention and millions in capital gained. And some true projects out there with real vision and purpose solving real world problems struggle. Crypto is becoming a quick flip game but in time only real projects with purpose will last Steemit will be one of them.
hopefully, but with so many fish in the sea, we better have something good to offer here, so we might as well keep being and growing
Word!
Sooner or later, the real useful projects will get the due recognition while the pumped up projects will get what is due to them. That's the truth of the market. It's only a question of when and not if.
Never really look at Coinmarketcap but just noticed tethers supply 1.4 trillion- scary as I currently have a lot as i still think BTC in the near term will drop and i intend to buy more. Am i reading that correctly?
What coin do you think is the most overvalued coin out there at the moment?
the one you know nothing about, but still buy because "everybody else does"
I only buy ones that I feel I understand, that's why I only have 3 so far.
steem will gradually rise to the top ten. Slow and steady wins the race
Steem showing its true potential & that it is the future of cryptocurrency. Look forward to steem making it to the top five cryptocurrency in the world
Good news ..Thanks for sharing it.Upvoted and resteemed done
Thanks sir providing informative and valuable post.
Your picture talked much and told us manu thinks on steem and bitshares. I think we are waiting for $50/Steem in March 2018.'
Thanks,
thank you for informing me
Hopefully steem wiill pass some more tomorrow.
@dragosrua, I think this is the right time to ask on your opinion about YOYOW, another BitShares based project aiming create yowoy - the Chinese analog of Steemit.
great to pump and dump great project buuut not really liquid although I've just been trading it, I've seen the web page, but I don't count that as any knowledge of the project.
Sounds good to me, but the competition is fierce.
Thanks! Are there any other projects trying to build the Chinese Steemit?
well there is district 0x built on 0x but yoyow should be a social media, I have no idea it's hard to follow, I was seeing a lot of chineese projects a while back, there was antshares that rebranded into NEO if I'm not mistaken, that's the chineese smart contract platform well the leading one, there are a few otehrs as far as I remember.
Have no idea about it.
Interesting. I thought you've heard that many guys from the BitShare dev team has joined the YOYOW dev team.
Again, had no idea about that. Any links?
Will share some later, just going outside..
Here's one to their team page:
https://yoyow.org/index_en.html
Thanks for the link, looks interesting. But I'm already involved in a similar project :)
That similar? Still good to hear! : )
that's a great providing informative and helpful post.
thanks for sharing
Good time to buy some more and more :)
you bring up a great point. we need a better, sustained hype train because while we are doing ok, we should be in that top 'money bracket' -- on the flipside, i think the blockchain legacy of steemit for the last 20+ plus will be a testament to where it's come from and where it's going compared to no-name ICO teams of all males with nothing but money grabbing intent on the table.
steem giving tough competition to is co partner :)
Very interesting post! Thank-you!
steem is the best to the moon journey is on
Informative post.thanks for sharing with us.
Upvoted and resteemed done
bitshares is actually still cheap will grow more higher
Yeah I don't get too excited about price of Steem anymore. I only start to get excited when I see the Steem market cap get into the top 20. Those days are the good days for Steem in my opinion.
Very useful, have been using it soon after I started on steemit, thank you. Today I see a strange thing happening "Potential growth: inf%" , is that infinite or is my potential so low that it defaulted to a variable you setup?