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RE: Well look at that...it seems that we have a winner here!
While true, we need a bit more than $40k volume to give an accurate indication of price discovery. Not sure if that is playing a role or not for ol coinmarketcap. We need a couple of the other big exchanges to enable HIVE wallets.
We also need 3 months to pass for powerdown periods to end.
Yes there is that as well. I am in the camp that doesn't actually think steem is going to tank as much as some seem to think due to the power downs. I mean $5 million dollar volume represents over 30 million steem (potentially) at the current prices, and that is just one day's trading volume. Yes yes I know much of that is probably wash traded, but you get what I mean.