Wild west speculation. I have yet to see an alt-coin that didn't dump soon after it came onto an exchange. In all honesty BTC is antiquated already. I mean the withdrawal fee and the time to do so is really absurd. Now BTC Cash was on top because it was faster; but now BTC is claiming that have figured it out themselves.
One guy was promoting Digibyte because the technology is so much better/faster .. but in the end it's a real shit-coin one I am happy I got out of - only because it lost value even though technically it is better. Everything is just speculative and people have fear of missing out. That's all that is going on. At the end of the day and I'm sorry to say, but my FIAT cash does more for me on a daily basis than crypto. There is no such thing as decentralization if a person owns a majority of any coins. Steem is no exception either. If a whale decides they don't like something, or powers down.. well everyone else is effected.
It's all smoke and mirrors at this point.
well, this is a tangent, but there is no such thing as decentralized power in a world with money in it. think about it. you could make it so that every person on steem had the same impact, and maybe even make sure there are not duplicate accounts, but a rich person could still just hire people and pay them to vote on what he tells them, and get power that way. Money is power, that's just the world we live in.