Where are you tracking STEEM? According to Bittrex it is should be nearly flat from last month relative to USD and about even to BTC (and since Bitcoin doubled since last month STEEM to USD doubled) (went from about 50k satoshis to about 35k satoshis). If anything it is slightly up relative to USD since Bitcoin went up more than the amount Steem/Btc went down. I think they are miscalculating and undervaluing the accounts here. Possibly we need to take advantage of this and arbitrage the prices back to a reasonable threshold?
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coinmarketcap.com: Last 30 days it has been going down steadily from about 1.80 to 0.93 on the 19th. A 7 day moving average should reflect this, and in addition SBDs have been a bit lower than 1 USD lately.
Interesting. I think I need to dig into this more there is something I am missing. The account value going down by 50% to BTC but BTC going up by 100% should mean accounts are about flat to USD.