Binance returns Steem-USDT pair even though Steem might be dead
If you were around during the hostile takeover days, you'll know that Binance made a decision to remove the Steem/USDT pair. The coin was still being traded against Bitcoin but not any stable coin.
Earlier today, it seems like the most popular exchange in the world brought back the Steem/USDT pair and that led to a rally.
Steem jumped from just above 30 cents to slightly over 60 cents. It is currently trading at 56 cents, putting it at 63% profit from the lows of just a couple of days ago.
Getting listed on Binance is pretty fascinating because I remember CZ and the Binance team kind of made it seem like they were on Hive's side. However, deep down, I knew they didn't.
I mean let's face it, there are no friends in this industry. It's strictly business and that's evident in the fact that the community spent a small stack of cash to get Hive listed.
Much attention
I'm not one to go out and look for Steem news but it kind of smacked me in the face. Really, it was actually quite interesting to note that a minor pump in the value of the coin got some serious publicity.
It costs thousands of dollars to get a publication on Cointelegraph. Yet here we are, with a coin that people hardly talk about, getting posted on the front page of Cointelegraph.
I mean, Cointelegraph even went further to subtly shill Steem by describing it as a social media platform where people earn from their activities.
Honestly, it is kind of shocking how fast this news spread. It is almost as if Justin Sun and the Steem people are using their links in Cointelegraph to push the narrative.
Is Steem ded?
Let me start by saying that I'm not one to shit on someone else's hustle because it goes against everything I know in life. There are people on Steem, most likely making money and so there's no reason to proclaim it dead.
In any case, a side by side look at the trending page of Steem and the trending page of Hive will give you an idea of where both platforms are, at the moment.
On Steemit, it is just a bunch of shit posts with no actual project behind them. There's also very little engagement in the publications.
I also have information from a couple of people that talk about how you can hardly meet people on Steem. Meaning, it is rather impersonal and could get lonely.
On Hive, on the other hand, you can see an actual community with numerous projects publishing posts that will attract value to the community. You also see a lot of engagement in publications.
It is also fascinating how the content on Hive trending page is mostly useful. You find a lot of uninteresting and pointless publications on Steem doing high numbers.
As I said though, I would never knock another man's source of income. However, it is important to note that Steem is supposed to be in competition with Hive but looking at the data, we can hardly call it a competition.
At the time of writing, there's far more value to be derived on Hive than on Steem. On top of that, Hive community is also putting in a lot more effort into marketing and getting the word out.
I won't stay Steem is dead out of principle, but I will say that Hive offers more value. Steem getting listed on Binance doesn't take anything away from the fact that whatever made Steem a community is on Hive and the community has evolved into a functioning organism that has surpassed its origin.
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They sleep in the same bed. We been knew.
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Bruh. It was crystal clear, all along
Sun has a way of doing stuffs, he even tried making an offer to buy Twitter, that was after Musk made an official statement on buying Twitter.
Currently, Steem and Hive can't be compared when it comes to Engagement and activity, you can make money there for sure, but the social aspect is not in a good place from where I see it
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Sun is a sneaky mf
100℅
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Disgusting... I haven't trusted Binance for a long time, and they continually give me more reasons not too. Sun should probably be in jail, not making even more money. Steem is a joke.
Mandala built on Binance is a great exchange with no KYC.
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They're all full of shit and have no honour.
Hive is a complete package and we can't just compare it with that.. hive at 5$ in months to come
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That would be awesome
And still not a single mention of the only truly decentralised stablecoin now offering 20% APR in ANY crypto media.
Nobody care$ about decentrali$ation, just busine$$ contact$ for those at the top.
This is reality.
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Nope not a single word. Interesting thing to note is that, this publication isn't a featured article, it is content that was sourced and written.
So somehow, 20% APR stable coin is somehow not important as Binance relisting a dead coin
when I first found steemit I thought it was fantastic. I used it for SEO backlinks. It wasn't until later that I found that crypto part. I'm happier to be on hive and what you wrote above is correct. But I wonder if there are a handful of newer people over there that should be here instead. I wonder how we would market to them. There has to be a few that would make good hivians right?
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I doubt there are newer people there tbh. It's is almost impossible to find any marketing move from Steem.
However, I feel like the few new people that come around there will eventually find their way to Hive
Tron will issue an algoritmic stable coin with a %30 return. And Steem/Usdt pair is listed again. Is it a coincidence?
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Nope not at all. No friends in this industry, sadly.