Steem Provokes Doubt of Market Observers
While steem recently became the third-largest digital currency as measured by market capitalization, surpassing $400 million this month, some market experts are skeptical of steem and have expressed doubts about its economics. The digital currency’s market capitalization surged in July, rising more than 2,000% from $17.9M to $411.9M between 04:14 UTC on 6th July and the same time on 20th July, CoinMarketCap figures reveal. The digital currency’s price climbed more than 1,800% during this period, increasing from $0.24 to $4.63. For those new to the digital currency, users can obtain steem....
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Steem is next in line to be at the second spot if the cryptocurrency market remains as it is today in coming months. The digital currency behind Steemit decentralized social media platform, which rewards posters and voters online, overtook The DAO to be the world’s fifth most valuable cryptocurrency following its 1000% plus growth in the days following Steemit’s first cryptocurrency payout on July 4. Steem’s rise. As of July 3, according to figures from coinmarketcap.com, it was on the fifteenth spot with market cap of $15,009,110 and a 24 hour trading volume of $8,351. Lisk, Monero, Nxt,....
STEEM, SWAP and ZRX prices surged shortly after a round of listings at major crypto exchanges. Sentiment in the cryptocurrency market is on the upswing after small gains from Bitcoin (BTC) and altcoins hint that the market could be in the process of a bullish breakout.A handful of altcoins are also finding momentum and a round of fresh partnership announcements appear to back the 40% gains seen in select assets on April 21.Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData from Cointelegraph Markets Pro and TradingView shows that the biggest gainers....
Social media site Steemit has announced sweeping “economic changes” following a 90%+ drop in value of its currency token, STEEM. Steemit: Changes ‘Reflect Wishes of Wider Community’. The alterations, published in a blog post on Friday, have already drawn criticism from the cryptocurrency community, which has been suspicious of Steemit since its rocky....
In the wake of social network Steemit’s hack, Ryan X. Charles, co-creator of Yours, explained his reasons for using Bitcoin for his own network despite the disadvantages. Charles: Steem ‘Can’t Last’. The Yours platform, which like Steemit pays users who upload quality popular content, is still in its test phase, with a limited preview set for later this....
Steemit veterans vow to improve blockchain upgradeability and avoid damaging hard forks In March, the crypto world saw the first instance of what many saw as a hostile takeover attempt of another blockchain. Justin Sun, the founder of Tron, had acquired Steemit, Inc. and the Steem blockchain with it — or so he thought.A complex battle of hard forks, block production takeover, alleged bribes and misdirection ultimately resulted in most of the Steem community migrating to Hive, a completely grassroots version of the previous platform.Meanwhile, the original employees and developers of....