Steem winning terain over BTC.

Hopefully everyone is having a great weekend. Even-though the market is doing not so well right now. But their's hope. Because even when we are deep in the red digits. Steem still manages to outperform BTC.

What going on?

After the bloodbath in the crypto world of earlier this week. Steem is currently trading around the $5 mark. Those red numbers might not be worth cheering for. But what's interesting to see is that Steem is growing in value compared to BTC.

This would imply that the valuation of Steem is not (completely) tied to the value of BTC. Even when BTC goes through a hard time. Steem manages to hold it's position and isn't being dragged down with it.

So if this trend continues, then we don't have to worry so much about Bitcoins influence on Steem. Next down BTC goes down again. It will most likely not make the Steem market crash.

Something else

Another interesting thing I noticed when watching the crypto prices. Is that the Top 10 of crypto currencies. Almost follow the same patern. Here, have a look:

It's amuzing to see that even-tough their are a lot of different communities being created. It all seems to come down to the same thing.