Could Steem Engine tokens overtake Steem value?

Dear steem-bountiers

today i see another growing step of Steem-Engine tokens which now value is 0.372 usd, not so far from Steem value which is now about 0.41 usd.

So my doubt is as per post title, so is it possible that Steem native token can overtake the mother coin value?

I cannot see any way how this can happen, because the steem-engine market is just connected for Steemit user, or not?

And what about coin value outside of Steem if the coin is not register in coinmarketcap?

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Is it possible that Steem native token can overtake the mother coin value?
All steem-engine child coin is only presence at steem-engine.
Steem-engine market is use steem coin to exchange other child coin !
ENG coin (Steem-Engine tokens) exchange price, mostly 0.95~0.99 STEEM = 1 ENG !
of course,
The exchange rate is determined by the user, but currently, most people do not use the ratio of >1 in the exchange

I think it can as in the future the demand might increase or it might even decrease depending on what happens in the future

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Ok but if increase would be not damage Steem? If It Will happens you Will not buy some?

Posted using Partiko Android

Yes it would not damage steem in my opinion

Posted using Partiko Android

Wow! I'm surprised to see the price of ENG. I've been trading on Steem engine for the past few days but never looked at this token :)

Well, I think it's possible for ENG to become more expensive than Steem because it all depends on the market and important of the coin to its users and not the population using it.

For the case of Steem, we have users who dump huge amount of Steem on exchanges every now and then, claiming the money is never to cover the cost of the services they render on Steem. So, I think this is a big difference between STEEM and ENG tokens.

I will keep an eye on this token though, thank you for bringing it to notice.

Posted using Partiko Android

Thank you for your reply, but this Is Steemit users market or every Person can buy tokens?

Posted using Partiko Android

Only Steem users as you login with your Steemit keys and buy with Steem from your Steemit wallet.

Ok so in my opinion cannot the value of this coins overtake Steem, because It Will male trouble to mother Coin...

Posted using Partiko Android

Everything is possible in the Crypto space. Just like the price is close, it can overtake.

It's not something we think about but something the market decides.

Posted using Partiko Android

Hi, @intellihandling!

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There are some tokens here that it's uses exceed the Steemit ecosystem e.g Actifit, steemhunt etc.
So, it's possible that there value exceed steem/sbd

yes you are right there are other coins in this market with bigger value of Steem, but this is related to internal market, because to buy Actifit you need Steem-engine tokens or Steem, so they can be bigger, but to buy steem-engine you need just Steem, so if there are 3,971,700 steem-engines, it means someone paid the same value of Steem, am i wrong?

Hi @intellihandling

In this ocean of opportunities, anything can happen, however, I will be monitoring what you say, it should not happen, but I repeat anything is possible.

Now I ask what consequences can bring if it happens that the tokens exceed the STEEM

Greetings friend

I will be interested to see how this turns out, now that you have brought this to our attention!

Ive been wondering about this lately and although it's hard to picture I can see some coins such decs and jjms overtaking steem in some cases. But then again I might be biased... so only the future will tell us.

While the exchange is on the Steem Blockchain I don't see any reason why the price of any of the coins need to be below the STEEM price.

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