Steem hasn't even been on poloniex for a whole day and we're already seeing price swings that surpass anything or everything that makes any sense.
given that steem is hotter than air, the only place for it to go is up
40% swings within a hour aren't a common thing in the stock markets, a stock market day trader would collapse if he saw how steem is tearing up the markets currently. Also steem is fairly new and gaining the third spot across all cryptocurrecies within a few months is a feat, that few shitcoins manage to do.
Given the innovation that this platform brings, I'm guessing that we'll surpass ethereum before the year ends.
This chart is a proof that we're trying to find a stable price point, but have failed to do so. 1min polo chart
ethereum is going to be left behind, due to the fact that it actually has no use cases, yet.
Good luck solving that problem smart guy Vitalik. They can exist for as long as they want, but if they want to keep their market cap, they are going to have to find a usecase for themselves. The fact that miners are doing empty work for them will bite them in the ass in the future.