If we analyze the coin STEEM, it becomes clear that it is not so cheap.
Yes, the price exceeded $ 4 per coin, and now it is priced at 80 cents. But nevertheless, in the rating on capitalization, STEEM is at the 39th place, with a capitalization of almost a quarter of a billion dollars. It is very difficult to imagine the real value, because you can never really get such a sum for coins, but as an indicative it can be considered. The second figure is the turnover per day. They amount to about $ 1.5 million. I don’t know enough or much, but I think supply and demand are balanced. And judging by the fact that the price is gradually moving down willing to sell more than buyers. Such an option is also possible, there are practically no buyers, and the course is supported artificially by market makers.
The cost, albeit virtual and only in the minds of an adept crypto market, in the amount of $ 220 million is not small and commands respect. This just can not do. It takes a lot of work to convince a huge number of people who believe in the real value of the coin. Imagine a print edition with such a cost. Such a publication will have assets, a history, most likely at least 100 years old, the personnel composition is the best and of course filling the material for which people pay by buying printed or electronic publications, as well as advertising by advertisers. Compare STEEM and for example Tribune Publishing. Of course Tribune Publishing is three times more expensive, but still! ...
But everything has an end. I often hear from people that the crypto market is still rising and shooting. Moreover, Bitcoin will conquer new heights. There are no reasons, only desires. But what if. We will see how much the merger will go and who will earn how much.
I am still interested in such a question, why everything connected with the block does not develop and gradually falls apart, turning into useless dubious projects.
