Ups and Downs of Crypto Social Tokens

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All charts from https://coinmarketcap.com/

OK, I definitely give up on tying to make sense of the way prices move in this Crypto world. Just look at the fluctuations in price of the tokens of the three platforms that derived from a common ancestor.

Just a few months back Steem and Hive were at about the same price with Steem slightly ahead, then Hive made a huge jump and Steem was left well behind, Blurt also moved to well over $0.03. Then we had a period in which Steem and Blurt actually fell in price while Hive remained with its upward trend.

Then came last week and what we saw was Steem going up like a missile, Hive losing pace and Blurt going up steadily. Now this week it seems things will be settling down for a while with Steem down but still well above where it was, Hive definitely down and Blurt still going up.

What gets me is, WHY? Bitcoin is down as are the world's markets, there is no reason for a specific token to be up or down, in fact to me we should be seeing a nearly flat line in crypto with very little movement. But no, just to prove me wrong things are just as volatile and unpredictable as always.

Posted Using LeoFinance Beta



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