(Chart by TradingView)
The situation has not changed since HIVE's price surpassed STEEM about a month ago. HIVE still leads with a higher price than STEEM.
This indicates either a high level of investor confidence in HIVE or a high level of usage of the HIVE blockchain.
The possible causes are as follows.
When Hive separated from Steem some time ago, many important projects on the Steem blockchain were moved to the Hive blockchain. With this, the users of the projects also moved to Hive.
After the split of Hive from Steem, the developers there actively did a lot of development. While at Steem, there is very little development. Of course, investors see this as an attractive factor to invest in.
With the last hard fork, Hive has officially made HBD (HIVE Backed Dollar) a stablecoin. We all know that companies need stablecoins to price their goods and services. This will increase the demand for HBD as well as HIVE.
Therefore, a new breakthrough is needed for STEEM to regain its lead over HIVE. The Steem blockchain needs a lot of new developments.
How long will this continue to be the case?
I hope Steem goes even lower because I am trading all my $ 6 SBD to Steem…. The lower Steem goes the better.
yes.. HIVE really has better developers
Maybe ... but for some weird reason you earn way more Steem with high SteemPower ... also earn way more POB with Proof of Brain ... compared to Hive. It’s really weird .. and You earn the most Blurt with higher Blurt Power than any of the others.
Because in Hive you will get downvoted when the payout is high.. 🤣
Only if you go over $30 …. Stay under $30 and you are ok.
Thank you for using my upvote tool 🙂
Your post has been upvoted (49.94 %)
Delegate more BP for better support and daily BLURT reward 😉
@tomoyan
https://blurtblock.herokuapp.com/blurt/upvote