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RE: Steem statistics for 6 years
In my opinion, the current Steam price graph seems to reflect the influence of the entire coin market as well.
- Current Steam price graph = influence inside the Steam ecosystem + influence of the entire coin market
To check the price fluctuation graph due to the internal situation of the Steam ecosystem, how about controlling the influence of the entire coin market (if possible)? :)
For example, below is the Steam and Bitcoin price graph taken from CoinMarketCap.
Although there is a difference in the height of the graph, the Steam price graph since 2021 seems to be related to the fluctuation of the Bitcoin price. This is because it may have risen due to the overall coin market situation, such as the rise in the Bitcoin price, rather than due to the internal situation of Steam.
- Steem price
- Bitcoin price
Thank you!
You are definitely right. The price of the dominant cryptocurrency, Bitcoin, has a huge impact on the market of all cryptocurrency. STEEM is no exception. However, there are other factors as well. For example, during the last bull run, the price of STEEM was significantly higher. Let me guess that the maximum price of STEEM of this bullish phase (if it continues) will be much lower than the previous one.
We have a lot of work to do to increase the appeal of Steem. This is the task of each of us 🙂.
I agree with you. Thanks! :)