Checked the Steem CMC page today and as we might have expected, the 10 day drive is coming to an end..
We are still retaining some of the increased trading volume but that is slowly fading away as well.
Its hard to know what we should attribute this to. Steem not being able to sustain investor (speculator) confidence for a longer period of time.
If we took a longer period of time into account, from lets say December 15 till today, Steem had a 35% increase in price that is sharply declining at this moment, while TRX has gone up 150% and is still going strong. Tron being one of the top gainers at this time. (Their hype is still going strong)
Still, if we take into account all cryptocurrencies with over 20mil market cap these last 45 days... STEEM actually isnt performing that badly.
Out of 137 Cryptos with over 20 mil MC, Steem ranks 29 in its 45 day % increase in price.
Out of the top 50 cryptos with highest market cap STEEM ranks 11th.
You could say Steem is performing better then average, ahead of EOS, ETH, BCH, etc.
Still... This is only on a 45 day time period.. The 200 day looks much worse with STEEM being the 13th worse performing crypto in the top 50 currently.
As long as in the mid term we remain in the top 50% best performing cryptos i can say im happy. Just hoping we dont lose everything we gained during this 10 day drive...
Ill see you around and keep on Steeming!.