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RE: Why Does Steem Lag in a Bull Market for Cryptocurrencies?
Check out the behavior of one of steemit's biggest whales over last 2 months.
And then tell me again how there is intrinsic value in this place.
Investors look at the petty BS that occurs on the platform, and the smart investors take their money to other places.
You mention "price stagnation".
It is much worse than that. STEEM is down 70% in the last 90 days, measured against BTC
That is not stagnation. That is the market running away from STEEM as fast as possible.
Other alt-coins have not suffered as badly