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Hello everyone,
lately, I am watching STEEM price very closely, especially since there was the Hard Fork 23.0 with whom we freed of oppression of Steemit ninja mining and we landed in the free land of HIVE.
Deciding to be an active user only in the Hive Blockchain, I'm powering down all my STEEM stake because I don't want anything to do with Justin Sun and his lackeys.
I'll come straight to the point, as I like to do: many investors use CoinMarketCap to get an overview of cryptocurrencies and to take a quick look into token prices.
Waiting for Hive get listed too (this will happen soon, they are already working on it) my attention is drawn by STEEM price.
Which is simply unrealistic!!
This price, which is also reflected in market cap and therefore also on cryptocurrencies ranking, is nothing more than an average of prices at which exchanges quote the tokens.
Now, take a look at this:
Nothing strange with this screen shot? Are you sure?
While all the companies exchange STEEM at about $0.15 there are a few that exchange STEEM at unrealistic price.
This screen shot may perhaps make the matter somewhat clearer:
Where are these companies localized? What are their relations with Justin Sun? What is their reputation?
I think the answer speaks for itself.
Now let's try filtering out these exchanges and to calculate the real market cap of STEEM.. you would get from $0,1830 and $67.470.000 (that ensured STEEM the 59° position) down to $0.1500 e $53.000.000 that is at least 10/15 places down on the actual position.
It is not a light thing, let it sound as it may.
You know in times of war... forking and direct comparisons of results for STEEM and HIVE, somebody thinks it's necessary to fight back on all fronts.
The truth is that all eyes are on STEEM and HIVE and about who will prevail in the end...
Justin Sun has accustomed everyone to his horribly manipulative games.. and therefore I would not be surprised that he was the one behind it all once again.
Moreover, the exchanges concerned has also been accused in the past to inflate their internal volumes and to manipulate market prices.
I leave you to draw your own conclusions!
HIVE ON!!!
DISCLAIMER: English is not my first language, so... probably there will be many errors, sorry for that in advance.