| json_metadata | "{"appParentPermlink":"f3wrzedkw","musingAppId":"aU2p3C3a8N","appTags":["steem"],"appDepth":2,"appBody":"<p>No. <\/p>\n<p>It is caused by whales dumping horde of Steem on the market. A lot of whales dumped huge amounts of Steem on the market which significantly reduced the price of Steem.<\/p>\n<p>Steem was already affected by the bear market and the demand for Steem was low. A large dump of tokens in this low demand market state resulted in a flash crash of Steem from 80 cents to 25 cents.<\/p>\n<p>HF20 was executed for improving the Steem blockchain so that Steem price would go up higher. But during the launch of HF20, Steem blockchain was unstable for a week. <\/p>\n<p>Many problems were discovered immediately after HF20 was executed. That's why it didn't follow up with a positive price movement.<\/p>\n<p>I have had private conversations with many top level Steem users and they weren't quite happy about HF20. Because Steem's developers didn't check the code of Steem 20.0 (which is the Steem version of HF20) properly before making it live.<\/p>\n<p><br><\/p>","appCategory":"steem","app":"musing\/1.1","appParentAuthor":"ijoel","musingPostType":"answer","appTitle":"Is the decline of price steem caused by HF20?","musingAppVersion":"1.1"}" |
|---|