Just noticed that the ratio of [BTC Market Cap / STEEM Market Cap] was at an all time high on Wednesday
I like this metric better than simply looking at Steem's price in terms of Satoshis because this comparison also accounts for the creation and burning of coins on the two blockchains. If you divide the
Technical analysis of the steem rate on the basis of the Elliot waves. Or why I would still refrain from purchasing for a while, buy would buy in a longer perspective.
So looking at the hourly chart in the Poloniex exchange, one can see the two main things. The first one that catches the eye is that the price is in the second global wave (red figures), and in the near