Considering The Hard Fork News, What The Hell Is Going On With Steem's Price?

in #hive4 years ago

So I just woke up and started checking @coingecko like I always do in the morning and....
Screenshot_20200520_100315.jpg

I would have expected nothing to happen regarding the price of Steem or even a decrease in price when taking into account the theft that is going on there but no...a 63% increase in the last 24 hours?

Anyone has any ideas why?

Sort:  

Thats what happens when you announce a 1-1 airdrop with a new chain, so people just want to score some free BLURT, also with wallets on Binance and Bitrexx disabled means less orders and prices go up coz you funnelling demand through a smaller amount of orders

Thank you for the explanation. What the hell is BLURT?

Its a new chain started by another set of STEEM community members, it will be a fork of STEEM today

Oh, man. This gets complicated as hell.