Is STEEM Useful For HIVE Investors As A Way To Predict HIVE's Price Action?

This is HIVE's price action from the last 180 days:

And this is STEEM's:

The prices of the two coins have moved pretty much in lockstep.

This is SBD's price action from the last 180 days:

This is HBD's:

Discussion

It seems to me that the coin to watch is SBD. When speculators go crazy with SBD, STEEM is expected to follow suit. Attracted by the near identical nature of the tokenomics of both Hive and Steem, speculators will treat both platforms similarly.

SBD and STEEM are likely to be speculated on before HBD and HIVE at least as long as the coins on Steem are above those on Hive on the market cap rankings.

Conclusion

We are still warming up in this bull market. I believe that when the bull market gets serious in the second half of this year, it may pay handsomely to keep an eye on the price action of SBD and STEEM as well.

Posted Using LeoFinance ^Beta