We are all getting excited about the HIVE price starting to move up.
Splinterlands is bringing in a crazy amount of new accounts per day and HIVE continues leaving exchanges.
But are you watching the price of old friend STEEM too?
As much as we like to think that HIVE's price rise is because of real activity here... it's not.
We continue to just follow STEEM up and down, completely independent from the fundamentals of each network.
You could look at that as a negative because the market doesn't care what we're actually doing here, or a positive because once they actually do, HIVE will experience a proper re-pricing.
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That might be the case although Hive did close the gap.
I am not sure why people still look at Steem. Who cares? It is nothing to do with Hive anymore. It is like trying to compare BSV to Bitcoin.
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The fact the HIVE and STEEM price continues to mirror each other, while the fundamental direction of each moves in opposite directions, is hugely significant.
It means the market is not watching what is actually happening and is mispricing both.
If you truly believe in the direction Hive has taken, then the opportunity to make money from this market mispricing is HUGE.
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I do believe that is the case. I think STEEM is overpriced and HIVE is underpriced at this moment
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Exactly , this is the actual truth.
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Well I will be the first to admit that Hive is severely underpriced by the market. But that is obvious to anyone watching the platform.
I also think it is one of the hidden gems in cryptocurrency.
Of course, I see what you are saying but most of the Hive versus Steem is not coming from the trading direction. Too many still have a fascination with what is going on with Steem.
Personally, I dont think it matters much at all.
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this market mispricing has been the case for over a year. I don't think it is going to change anytime soon.
I still repost my content on steem hoping to earn some free coins and buy some hive as well. it is just a unique opportunity for content creators i guess.
I don't think steem has much of a future but there is still money on the table.
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Yea I know many do that and I don't judge them for that but personally I can't be bothered
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i understand. we all have different reasons for doing what we do. as regards posting on steem it is something i do occasionally. in all honesty, there isn't much going on there that interests me.
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Ignoring the morals of supporting that scumbag Sun, you should really reconsider duplicating your content on Steem purely because it is hurting the value of your Hive investment.
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can you throw more light on this, please. Because in my mind selling steem i earn for my content for hive should help hive, or am I wrong?
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This month Google has sent 4x the amount of traffic to LeoFinance than the 2nd biggest referrer (Twitter).
But Google doesn't like spammy, duplicate content and penalises domains that do this.
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Oops... I get you now. Thanks for the information.
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To earn extra coins and buy hive...
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More a blessing than a negative. There is still a lot of time to get informed and accumulate. The market is rarely right anyway.
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The market is always right ;)
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That's something that's very accurate but many tend to forget about
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Not much movement and Splinterlands really isn't just hive it's tron, steem, wax, ethereum, binance (cubdefi) and so much more. While it creates a ton of accounts on Hive it doesn't mean they are actually using hive itself. In many cases most of these people don't even know it exists still.
I even saw a PR about the game the other day that said it was on the steem block chain. So there's a major branding issue still. We need more Dapps on Hive so if anyone is looking for investors into a hive only project hit me up.
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In game wallets may be connected to other chains, but the gameplay and token ecosystem run on the Hive blockchain.
Each account requires Hive RC to operate, needing HP.
Even if the users aren't paying for it themselves out of pocket, Splinterlands is on their behalf.
The Hive blockchain is integral to Splinterlands.
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That is true for the splinterlands paying for them. It kind of makes sense since you really can't start playing the game till you buy a spell book which is $10 in itself. That's most likely how the cover the initial RC that a new account needs which is pretty dang cool in itself. DEC I think is hive and Binance and SPS is Binance primarily. Either way it does help the ecosystem just not as much as it could. Not complaining though lol
That's true... I never thought about it
How do people that found out about Splinterlands but have no idea what is Hive go about it? Do they need to learn at least the basics to power up some tokens to have enough RC?
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hmmm... this is an interesting viewpoint. What is splinterland's PR team doing about this? it would help If they put hive out there along with their project.
But i still think the steem is playing catch up with hive not the other way around.
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Well STEEM's stable coin, SBD (pegged to USD?), is not really that stable. From what I understand, the demographics of STEEM is mainly comprised of Southeast Asian folks.
As I only know two phrases in Korean (thank you and your welcome), STEEM has no use case for me. Therefore; I have absolutely no interest in what is going on with them.
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You don't have any interest in having your data and money stored on Justin Sun's personal, laggy database? ;)
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I think it's probably true to an extent because most things tend to react as a sector (similar to the stock market). Of course if HIVE itself becomes more well known than STEEM in both market cap and reputation, I think it will be STEEM following our price action and not the other way around.
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But at the moment, that is not the case.
It's very much algorithmic driven trading where HIVE follows STEEM.
With the complete opposite direction that the two blockchains have taken, this means HIVE's market price isn't a true reflection of value.
And as a result, there could be an opportunity to continue accumulating cheap HIVE before the inevitable repricing comes.
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Havent really followed steem in a while but that's a good point
Hopefully that changes soon
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I dunno, i think it is about time the back and forth between both projects stopped. I think we are miles ahead of steem but like you said this is crypto and the market isn't the smartest (if it was hive we would be high up there).
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Hive is decentralised, Steem is not.
There is no comparison to be made anymore.
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Hive is so underrated on the market. It's one of the best staking coins out there with hundreds of use cases. It's sad to see Steem doing so well even a year after the fork.
Steem should be zero.
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