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RE: We're Going to Need A Lot More Powerups
We're Going to Need A Lot More Powerups
This has been a concern of mine for quite sometime and like you say, it is a simple supply/demand economic principle.
One of the things that I think may well have a huge impact, is Christmas.
At the end of the day, there are a lot of retail crypto investors that are speculating on a short term basis and these are the ones that may need to sell out to pay for Christmas.
The biggest concern though that I really have is that Steem is slipping down the leader board and could soon pass the other-side of the Top 50.
When I first joined, it was Ranked No. 7..!!
Shame really, because it's a great idea.
Stephen
Yes steem's relative position in CoinMarketCap is a more important indicator than price at present.
I think it has been as high as #25 while I have been on board. I never realised it had been as high as #7. Up that way is where it deserves to be.
Stephen, would you like to join in the second UK Virtual Meetup on Thursday, 8pm - 11pm?
MSP Waves radio show host.
Co-ordinator of SteemClub-UK.
Editor of the weekly listing of steem radio shows, podcasts & open space broadcast.
Founder of the A Dollar A Day charitable giving project.
When I joined it was #3. Above everything except Bitcoin and Ethereum.
This is exactly the point I was trying to get across and surely must be setting off alarm bells in the #Steem Community now.
Personally, I am not bothered what price the Market puts on the value of the #Steem Blockchain whether it is $20 million or $20 billion, but I am bothered where the Market ranks the Blockchain.
For me, this is the worrying part.
Stephen
😮