I have a question, if the value of bitcoin will go high does it necessary follows that the value of steem or hive will also increase?
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I have a question, if the value of bitcoin will go high does it necessary follows that the value of steem or hive will also increase?
no guarantees, but probably.
I'd personally bet more on Hive than Steem, given the stronger fundamentals.
I think the more exchanges the coin is on, the higher that likelihood becomes. Personally I still think we need to get HIVE on a couple more large exchanges and then it will be in a great spot for a bitcoin tag-along rally.
Historically when bitcoin goes up, it eventually pulls the valuation of most altcoins up with it. When bitcoin ran to $20k in late 2017, we saw just about every coin in the top 300 on coinmarketcap see 10x+ returns as well... No guarantees that it will, but I think the odds are good that if BTC breaks to new highs, altcoins will do well as well.
You are right I remember it was around 2017 when the value of STEEM and SBD goes up and a lot of people were happy. I wish it will happen again...Thank you sir!