After Sun's acquisition of Steemit Inc., its users rebelled and created their own fork called Hive. Right now, Steemit now censors all mentions of the new fork and tries to fight back. Will it win?
From technicals perspective, I would say that we are somewhere in even grounds. However, Steem is taking the beating as it reached its long-term low. I believe it is caused by users continuing to sell their Steem power for Hive or other assets.
Price is highly affected by speculations it has only been 46 days with Hive. Is it possible that we are nearing some kind of turning point? I believe we do. If Hive exceeds its former high or gets on the track to do so, it will be at least a short term victory.
Neither of them is my go for coin unless Hive hits the bottom of the even ground when I might sell the rest of Steem currencies for Hive ones. Remember that the price of any social network comes mostly from its community!
This is an interesting chart to watch but it's not necessarily a chart related to an investment opportunity now that we are nearing halving.
From technicals perspective, I would say that we are somewhere in even grounds. However, Steem is taking the beating as it reached its long-term low. I believe it is caused by users continuing to sell their Steem power for Hive or other assets.
Price is highly affected by speculations it has only been 46 days with Hive. Is it possible that we are nearing some kind of turning point? I believe we do. If Hive exceeds its former high or gets on the track to do so, it will be at least a short term victory.
Neither of them is my go for coin unless Hive hits the bottom of the even ground when I might sell the rest of Steem currencies for Hive ones. Remember that the price of any social network comes mostly from its community!
This is an interesting chart to watch but it's not necessarily a chart related to an investment opportunity now that we are nearing halving.