Recently the major cryptocurrencies have dropped in value.
This is no real surprise and should be seen for what it is.
After circa 4 months of solid gains we now have a normal price retraction.
We can clearly see the devaluation of Steem simply from looking at our account values in our steem wallets.
It has got me wondering however how has the price of Steem dropped do much.
Due to the incremental way Steem Power is converted to Steem in 24 division chunks is it not more difficult for Steem to be effected by large sell offs given that most people convert their Steem to Steem Power thus not holding alot of Steem to dump!?
Thoughts anyone?