Is Steem $0.75 or $0.50; Rank 250+ or 35? CoinMarketCap and CoinCap.io showing very different things!
View this post on Hive: Is Steem $0.75 or $0.50; Rank 250+ or 35? CoinMarketCap and CoinCap.io showing very different things!
In mid-February 2020 Justin Sun acquired the shares in Steemit Inc and proceeded centralise the blockchain under his control, improperly using Steemit's founders stake (intended for development and decentralisation of the blockchain) and tricking exchanges into initially supporting his power grab.
After extensive efforts to resolve the dispute failed, the community revolted and formed a new, fully decentralised blockchain - Hive - without the pernicious influence of Justin Sun and his minions.
Because of Open Source licensing, Hive was legally able to duplicate all the code and content on Steem.
The vast majority of the community and decentralised applications and projects moved to Hive and Hive was listed on many cryptocurrency exchanges without having to pay the normal listing fees.
On 19 May 2020, a Steem hard fork (0.23) designed to steal the Steem from 65 accounts associated with creating Hive became public.
My position on this hard fork can be found here: https://peakd.com/hf23/@brianoflondon/letter-to-exchanges-do-not-run-steem-hard-fork-23-hf-0-23-0
This was the final straw for my involvement with Steem.
I will now post exclusively on Hive at https://peakd.com/@apshamilton/posts
All my old Steem content can also be found on Hive.
CoinMarketCap and CoinCap website are showing very different prices and rankings for Steem.
What is going on?
CoinCap.io seems to have some problem with its ranking mechanism as its dropped Steem right down despite the market cap showing correctly(for the $0.76 price it is showing).
I wish it was $0.75...
Wait a month :)
Hope so 😉
Posted using Partiko Android
I looked in another page, https://es.investing.com/crypto/currencies and the rank is totally different and seem more accurate with what is happening, STEEM ranked in 50th position there.
I prefer @coingecko even though it is probably my bias to support great Steem community members.
Posted using Partiko iOS
CoinCop.io is obviously busted.
About 0.50 is also the price for STEEM shown on OCFX https://messari.io/onchainfx which is probably more reliable then coinmarketcap.
CoinCop.io seems to exist to feed ShapeShift, and they don't trade in steem so what do they care!
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Interesting. The disparity between the two sources is quite large.