I don't quite understand why the prices of STEEM and HIVE always follow each other so closely. By now one would think that these are two distinct crypto project communities with totally different users and investors, yet on a day-by-day basis, these two coins tend to mirror each other. Most times it seems like STEEm is the old Night Hag riding on our back that still needs to be shaken off.
In any event, I believe it is a truly bizarre phenomenon that the STEEm price mimics HIVE's. As you can see from the chart above this has been going on for the last year! There is a silver lining, you can always watch one for clues as to what the other will do. Luckily HIVE has become the dominant chain, as we are ten cents higher or more at any given time, and that is proof that HIVE is winning the battle against old STEEM. It's still a bit demeaning however when the bad chain outperforms the good one, as has been happening over the last few months.