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RE: Steem and Hive Were Never So Cheap
Although, "penny prices" may, indeed, have a psychological effect, I don't think it was strong. See Cardano or Tron on places 13 and 14 on Coinmarketcap.
hive has enough people willing to buy tokens
Maybe whales and other larger investors are the key. But I miss the interest of the crowd, the mass adoption. No sign of it.