By tobetada on Skatehive
An uncomfortable subject But we still need to talk about it. Yes, we all know that Steem is a failed chain and there hasn't been any progress that I am aware of. Coinbase has a TLDR on the most recent developments, but they don't strike me as very meaningful. So... I mainly wanted to point out here that for the first time in a very long time, Steem has been decoupling from Hive when we look at price. Prices are now about equal with Steem having had a noticeable pump over the last week. Over 500M Steem has been traded on Binance alone over the last 9 days. While this is an obvious pump and dump scheme and Steem being down over 20% today again, it does highlight that whales haven't forgotten about this s* coin. After looking at the chart comparison of Hive and Steem I noticed that such a decoupling hasn't really happened in the last few years. In fact, it is scary how close both trade. It is virtually the same exact chart. We can take any time in recent years as an example. Here is 2022-