You are viewing a single comment's thread from:
RE: Steem and Hive Were Never So Cheap
A lot of people have placed a red flag on steem and hive regarding them to penny cryptocurrencies just like they refer to a lot of stocks as penny stocks. For parity, i did not expect this to last for long and truly it didn't. Steem is working on getting things together so it can have a strong community, hive has enough people willing to buy tokens just to compete with steem and show they are better off compared to steem.
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.
Maybe whales and other larger investors are the key. But I miss the interest of the crowd, the mass adoption. No sign of it.