Though an interesting question you ask: Is HF24 the reason for the downtrend... I'm inclined to say No to that one. One reason is that Steem is in kinda the same downtrend, though they didnt had a HF24. I think social networks in itself have a hard time to get their tokens going. Plus, so many more social network with crypto tokens around these days. Back in 2017 before in the bull run of BTC and later on also in Alts, Steem was lagging a lot, and then suddenly it was picked up and we saw ALH's left and right. Maybe this gonna happen soon again?
LeoFinance (LEO) is doing better though, check their uplift of recent week(s). Maybe LEO can do better than HIVE and Steem and all the other general topic social networks. We are in crypto space, with many people very much interested in crypto's... LEO could be the first crypto social network becoming a hit! owwwww, now am a bit dreaming as well, or better said: in a dreamlike state... But who knows, maybe it'll become reality. When LEO will do better, HIVE will do as well, I think... That said, HIVE shall do marketing, shall reach out to the market and make deals with business, get HIVE integrated in existing communities. Something LEO can do also, but I think LEO needs to continue with what they are doing as we speak, ie onboarding Ethereum users. After done that, I would love to see all the crypto news sites enriched with tokenised comments, powered by LEO and LeoDEX.
Posted Using LeoFinance Beta