You know that in Tradingview you can compare one pair with another so you can see how this one is doing with respect to the other in relation to the dollar.
For example, if you enter "ETHUSDT/BTCUSDT" in the search field, you will see the relative performance of the two cryptocurrencies referenced to the dollar:
Thus we can see in a very graphic way that ETH is yielding less in dollar terms than what BTC is ultimately doing, typically, since it is BTC that first moves the market in BULL RUN.
In theory, when you see that this relative ETH comparison rises on the chart, most likely the ALTCOIN SEASON could be at the doors...
The shame is that it also occurred to me to compare HIVE with his rival, and his older brother, STEEM... and we see the following:
In short, a continued loss of relative "value" of HIVE versus STEEM with respect to the dollar...
Essentially, 1 year ago, HIVE had a value twice as much as STEEM, today this ratio is much lower, HIVE has a value of 1.4 times STEEM...
Therefore, it seems that, in relative terms, we are not able to improve compared to our older brother, instead STEEM seems to gain ground over time...
I don't know why this is, with Justin Sun behind STEEM you never know... and I don't know if it's something important to take into account but, at least, it's something curious to share.
What is your opinion?
Is STEEM improving (which I doubt) or are we doing worse?
