The value of Steem is roaring back to life after this massive shakeup in Bitcoin and Hive trades. Bitcoin has had an impressive first quarter and has beat expectations this year by breaking its record, however, that enthusiasm has brought the ire of many big regulators like the United States, the European Union, Japan, and China. El Salvador gets a great mention as they are a nation that has embraced Bitcoin and the United States Dollar. Hive has grown in value over a few months, but there is still a lot of room to grow, with that bottleneck, Steem has been able to pick up its value quickly.
Steem typically has been valued at a third or half the value of Hive, however, that has changed with more Korean, Japanese, and Hispanic investment into Steem. Although the English communities have grown a bit since its collapse, the Asian-focused communities have stirred up enough enthusiasm to drive the price forward. This rivalry between Steem and Hive ended a while ago, but maybe Steems current performance can generate a call to action by Hive's community to drive their value forward.
Blurt has been taking hits lately by seeing values as low as $0.002 per Blurt, yet this hasn't discouraged people from posting on the platform. Growth on the platform has been consistent and reveals that Blurt's value may have stabilized given its current volume and demand. Steem is currently valued at around $0.265 while Hive has barely shown positive ground at $0.324.
1 Hive can get you 1.222 Steem. What do you think about this?
We all need a JOLT!
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