What is happening with Price of Steem? 🤔 by coingecko

steem · @coingecko · Mar 19 '20 (edited)

$20.37

What is happening with Price of Steem? 🤔

# Steem has just made it's biggest intra-day gains of 2020, and is now back at top 40 coins on [CoinGecko.com](https://www.coingecko.com/en)!
<br>

![Screenshot_24.png](https://cdn.steemitimages.com/DQmXwTAqGd74NbrvbHjzYmVNzZxhsJSuKhqRfeWRrZbhP6N/Screenshot_24.png)

215% in 24 hours and the numbers keep going? Whats happening here!

## Even the daily chart looks insane, talk about a hockey stick growth!


![Screenshot_25.png](https://cdn.steemitimages.com/DQmXyk1mHoGjz3nyaVhzvpnP2cf4sJwzYAmoBRDvtcEQRLn/Screenshot_25.png)


Are people buying Steem in anticipation of the Hive Chain Split? 

Are you selling your Steem?

We wanna know your thoughts!

👍 steemed-proxy, buildawhale, kevinwong, tombstone, v4vapid, vortac, nextcolony, razer7, atheistrepublic, themarkymark, liondani, nathansenn, michealb, coingecko, ssjsasha, city-of-dresden, tongchat27, exyle, afiqsejuk, project7, forexbrokr, chrisrice, jasonshick, payroll, immanuel94, bengiles, yury-vas, ipromote, apshamilton, sj-jeong, steem-ph, jaybird, oliverschmid, erickpinos, dgiors, talkative-bk, apolymask, jaydih, travisung, dlike, emaferice, videosteemit, coreabeforekorea, jpbliberty, eric-boucher, leo.voter, steem.leo, hamismsf, gerber, monsterjamgold, allyouneedtoknow, roleerob, sjgod4018, azfix, bigsambucca, sndbox, stuffbyspencer, enforcer48, culgin, kadishakho, rmach, one.life, bestboom, voronoi, and 183 others

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coloringiship	7,006,759,375	18.75%
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alfonzo	11,618,651,055	50%
ipkiss	210,967,936	61%
themarkymark	2,763,886,880,046	20%
opheliapoe	1,800,654,359	37.5%
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dotwin1981	41,342,745,196	25%
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d-zero	3,510,654,464	100%
virgo27	637,775,087	37.5%
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@markkujantunen · Mar 19 '20

 Could it be Justin Sun to hedge against an expected STEEM dump after the Hive lauch?

properties (22)

@coingecko · Mar 19 '20

Hedging by moving tokens to exchanges to receive the airdrop? We can't confirm for sure if it's the case.

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@markkujantunen · Mar 19 '20 (edited)

Yeah,that’s what I meant.

But a few days ago I met a whale who wrote in his introductory post that reading about the Justin Sun draama had made hom curious. He did his resesrch and bought millions STEEM.

properties (22)

@coolguy222 · Mar 19 '20

$0.12

Seems people buying steem to get hive airdrop 😀

Posted using [Partiko Android](https://partiko.app/referral/coolguy222)

👍 coingecko

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@coingecko · Mar 19 '20

$0.62

The possibility of outsiders wanting to get in on Hive is very positive for the upcoming Hive launch itself!

👍 atheistrepublic

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@chekohler · Mar 19 '20

Justin and everyone who heard about the HF are probably getting ready for the airdrop by Saturday it should be at 10 cents again

👍 super-irie, enforcer48

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@coingecko · Mar 19 '20

we wonder how does readying for the HF increase the price though?

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@chekohler · Mar 19 '20

I believe that the hype is generated due to the amount people earned when ETH and BTC had their BCH and ETC hard forks with a 1 to 1 and people made crazy money so its assumed any hard fork would do the same

👍 cpufronz

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@enforcer48 · Mar 19 '20

It’s basically this.

👍 ismailkah

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@hobo.media · Mar 19 '20

I would expect less. Both coins could drop very low in this terrible economic climate.

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@yonilkar · Mar 19 '20

Many want the new HIVE token and not all of us wanted to sell STEEM because of that so if difficult to sell STEEM, less HIVE. Community is powerful

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@coingecko · Mar 19 '20

Makes sense, investors who wants the most Hive token would not have sold their steem in the meantime.

👍 yonilkar

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@sanjeevm · Mar 19 '20

Justin is buying an equivalent amount of steem in other names, to have same control in hive 😀

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@coingecko · Mar 19 '20

that would be counter-intuitive to the goal of Hive chain split isnt it?

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@sanjeevm · Mar 19 '20

Yes, it is but we never know what Justin is cooking.

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@hobo.media · Mar 19 '20

I honestly doubt that. He's not stupid. He knows the community can fork indefinitely and he can't buy up tokens indefinitely. In that game of attrition he could never win and it would not be hard for him to see that. 

Now, it is possible that he is accumulating so that he can get enough Hive tokens to devastate Hive's economy by performing massive dumping. That would be effective economy warfare, but if he is accumulating its not to take control of Hive because that game can't be won.

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@martie7 · Mar 19 '20

Then we will split blockchain another time.

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@russia-btc · Mar 19 '20

It's hot in the market;) - throw the wood on Twitter, Facebook ...

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@coingecko · Mar 19 '20

![Screenshot_28.png](https://cdn.steemitimages.com/DQmYMGJGJZdP76ad2p6qzCUWPHek33b9XBrAi4VrPD2dXzp/Screenshot_28.png)

This good?

https://twitter.com/coingecko/status/1240539113909972997

👍 stuffbyspencer, coolguy222

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@reviewzzz · Mar 19 '20

Because of airdrop all want to hold steem

properties (22)

@coingecko · Mar 19 '20

the power of airdrops!

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@ocupation · Mar 19 '20

I don't think it is related to hive airdrop, however, there is no alternative explanation. Justin keeps on Buying until he pushes all his witnesses into consensus?

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@trincowski · Mar 19 '20

All the volume is from Korea...

properties (22)

@ocupation · Mar 19 '20

The big short incoming? :P

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2 replies

@hobo.media · Mar 19 '20

It could also be that Steem is becoming the "Eastern Steem" and Hive is becoming the "Western Steem" because their ideals are not aligned. It seems to me that people from Eastern countries have much less concern over decentralization than people of Western countries, and I think its just a natural difference of cultures. The West was raised with the Enlightment history and the East was not.

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@awesomianist · Mar 19 '20

$0.22

While i 100% support the exodus to Hive, i have sold my Steem and powering down to sell more. 1000HP wont be alot of voting power but my time spent there to post stuff will certainly be worth it.

👍 coingecko

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@coingecko · Mar 19 '20

$0.63

See you there! We'll be spending some of our time on Hive too!

👍 atheistrepublic, psytopia

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@psytopia · Mar 19 '20 (edited)

I love the logo lol.

properties (22)

@awesomianist · Mar 31 '20

$0.25

See you there! I myself don't know how to juggle my time on both sides so all the best to you!

👍 coingecko

properties (23)vote details (1)

@trincowski · Mar 19 '20 (edited)

$0.15

If you check out where the volume cones from, it's all Corea... I think that Justin Sun and the Koreans will move the war over to the Hive.

👍 coingecko, trincowski

properties (23)vote details (2)

@coingecko · Mar 19 '20 (edited)

Well, according to our data at https://www.coingecko.com/en/coins/steem#markets, Upbit dominates more than 50% of the trading volume of Steem, so there might be merit to your reasoning.


![Screenshot_30.png](https://cdn.steemitimages.com/DQmTLKP6kSo5oKooNMnegZhVnsYKtJyPvXjFD3eJeFzBhJu/Screenshot_30.png)


However, Isn't the Chain Split specifically designed to prevent him from going there? At least that is according to our understanding.

properties (22)

@trincowski · Mar 19 '20

Yep. All the volume is coming from Korea. Regular Steemians make up 1% or 2% of all  the volume. This doesn't smell very well to me.

properties (22)

@techcoderx · Mar 19 '20

$0.19

Am I the only one who noticed that your avatar has changed 😂

👍 coingecko, stuffbyspencer, pachu

properties (23)vote details (3)

@coolguy222 · Mar 19 '20

Fear of corona 😁

Posted using [Partiko Android](https://partiko.app/referral/coolguy222)

properties (22)

@coingecko · Mar 19 '20

$0.05

hehe.. sharp eye.

👍 techcoderx, stuffbyspencer, eirik, pachu, psytopia

properties (23)vote details (5)

@doitvoluntarily · Mar 19 '20

$0.21

people trying to get more hive?

👍 coingecko, sleepingcowboy, psytopia

properties (23)vote details (3)

@stuffbyspencer · Mar 19 '20

Could be due to Hive-hype. Lots of people ( *or just a few whales, soon to be called queen-bees ;^)* ) want to get their hands on as much HYPE coin as possible, but they may fear that it'll be hard to acquire through exchanges. So, a work-around would be to buy as much STEEM now in order to get the 1:1 airdrop. Kinda like a loophole to avoid waiting for exchange listings.

By the way, here's a question for you guys: *I noticed there is already a coin called HIVE. Does this cause a probable for listing sites such as yourself? Having two coins with the same name / ticker could be wonky to work with, right? I've always been curious whether or not cryptos had to come up with unique & original ticker symbols.

properties (22)

@steevc · Mar 19 '20

$0.11

Looks like the Koreans are buying up Steem. We will have to see who holds the power on Hive. I would hope there's a better spread of Hive Power to prevent the sort of issues we've had with Steemit.

Onwards and upwards.

👍 coingecko

properties (23)vote details (1)

@coingecko · Mar 19 '20

According to our understanding, certain whale accounts will be excluded from the Hive chain split, effectively burning the supply of Hive by a sizeable fraction. Better spread of token distribution does make the platform more democratic in our opinion.

properties (22)

@funtraveller · Mar 19 '20

Hype about Hive have something to do with for sure. While for me, I'm staying neutral until the HF. I'm keeping everything as per usual, not buying nor selling.

Thanks for the update @coingecko!

properties (22)

@d-zero · Mar 19 '20

It all coincided with some decent gains for BTC as well. The entire market is going up as well. We are going up even faster. When I came in STEEM was still a lot more expensive. This isn't time to sell (unless you are a swing trader)

properties (22)

@rmach · Mar 20 '20

## Don't forget to add Hive 😉
![geckohive.jpg](https://files.steempeak.com/file/steempeak/rmach/xBGu4m5P-geckohive.jpg)
# BBBBZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

properties (22)

@zerosumgame · Jul 19 '22

Wow! Steem is doing amazing, the charts on Coingecko are really cool as well. We just need to get it listed on more payment systems rather than crypto exchanges, and there's going to be more adoption. 

Bitpay and Poof https://www.poof.io/ come to mind.

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voter	rshares	pct
pachu	2,084,574,055	100%
coingecko	1,128,882,711,195	90%
stuffbyspencer	34,295,839,756	50%

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voter	rshares	pct
eirik	7,681,141,699	100%
pachu	2,128,105,922	100%
stuffbyspencer	34,641,007,798	50%
techcoderx	265,135,761,585	100%
psytopia	420,793,543	100%

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voter	rshares	pct
coingecko	1,231,769,146,905	100%
sleepingcowboy	8,055,379,028	100%
psytopia	430,388,898	100%

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`root_title`	"What is happening with Price of Steem? 🤔"
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`post_id`	85,329,295
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`category`	steem
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