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RE: Why Does STEEM Value Fluctuation Appear to be Seasonal?
Steem (as opposed to Steem Power) is by definition highly inflationary. So for the purpose of technical analysis, wouldn't it be more accurate if we considered the market cap value instead of the price of the token? With the Steem printing press turned on, the price can be in a downtrend while the market cap is actually rising.
Also there's a relationship between SBD, Steem, SP, and I suppose SMT if it's introduced yet. Cryptocurrency in general follows BTC, so there's that.