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RE: Steem is back in the top 50.
The depressing thing is that at least 60% of the coins above STEEM are actual shitcoins with no working product, utility, or purpose in the real world.
The depressing thing is that at least 60% of the coins above STEEM are actual shitcoins with no working product, utility, or purpose in the real world.
It is depressing and downright perplexing.
As far as I am concerned, there are really only a dozen or so coins that have real world applications that deserve to be in that top 50.
That could be a good thing though. It's going to make it a lot easier for us to rise up quickly once the world gets to know the name Steem.
Agreed @jeezle and @holoz0r. The market has to be filtered and cleaned up to see any prospects of long-term utility.
Value is not necessary related to utility. Precious metals trade above utility value because they are scarce. Steem has been flooded with inflation due to SBD conversions which has pushed us down.