Well the thing is open source software is slow. Think of the last major Bitcoin update... only thing that comes to mind is Segwit which was what? August 1st 2017? Still haven’t seen the block size increase we were promised.
Ethereum fees are relatively high. Some contracts cost well over $100 to transact in since lots of these new coins have poor code which require high computation to execute commands. I saw some guy screenshot his metamask recommending a 2.4 ETH transaction fee, ridiculous.
I’m telling you 100%, the only way hive price can moon up to $3 and more is if we onboard thousands upon thousands of users who bring money with them.
Another reason steem had gone up was because of voting bots. Bots created the demand for steem and sbd, but when the bots were removed no one had any reason to buy and send them coins so then all that buying pressure disappeared.
The community celebrated when the voting bots were cast out but the opportunities to speculate on the coin were crushed.
Now, we are in a highly illiquid market. $1,000,000 would push the price of hive or LEO extremely high, just look at the price of steem when just Dantheman and Justin Sun were buying up steem to battle it out. All it takes is one or 2 whales to hop in and lock up for us to move a few legs higher in price.
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