What Happens If Steem Falls Below Top 100 on CMC? | Do You Think that's a Possibility & Are We Prepared Enough?
Happy Weds Everyone.
Are you keeping close attention to Steem's position on CoinmarketCap? As per today, we are at position #74 which is really not a good sign of our progress as a platform. On this vlog, I talk a little bit of what it will mean for us if Steem drops below Top 100 on CMC.
Share your thoughts & feedback with me on the same. xo
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You should always remember that STEEM has about 10% (now probably 9% - I did not re-check exact figure) inflation... So, until adoption is much faster than inflation, it is less likely that it's price will grow.... STEEM is opposite of BTC until it's get mass adoption...
There is nothing strange here:
BTC gets deflated as some BTC coins have lost for ever (BTC is anti-inflation).... But STEEM gets about 9-10% inflation... So above chart makes 100% sense... STEEM can only grow if Mass Market Adoption occurs at a rate higher than it's inflation... STEEM-ENGINE with new projects may help in that...