Where do you see the influx of new money coming in to boost the price back up from?
Last time, there was certainly a lot of money flowing into crypto in general with many diversifying. This round, I have the feeling investors are going to be a lot more discriminating, having gone through hysteria and gambling, choosing what’s solid - i.e. BTC & ETH.
Despite userbase, I’m not totally sure what the value proposition of Steem is from the new investors’ standpoint - especially given the transparent dramas and tokenomic faults. Most likely, simply speculative -given there’s probably not too many eager to buy as the utility token because they want to either be active curators, or reap ROI through self-voting or bidbots. And certainly, the business model of Steem with Google Ads as the only(?)source of revenue isn’t exactly a strong fundamental to base an investment strategy upon.
Sincerely asking, as I’d love to see some fresh perspective that revive my faith and provide some tangible substance and merit, if for no other reason that to neutralize my own discouragement with what I’ve observed unfold over the course of the last years...
RE: 1 Week Later, Steem headed to 0?