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RE: Steem Total Value Powered Up - $68 million - September 26, 2021

in Steem Links4 months ago

While I was reading this post, my mind was asking. Which has a greater influence on the movement of the steem exchange rate? Are external factors bigger than the steemit ecosystem?

I'm curious how to get information on the daily transaction value of steem, which can compare between transactions outside of steemit and transactions in the steemit ecosystem.
Thank you for sharing this information.

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Which has a greater influence on the movement of the steem exchange rate? Are external factors bigger than the steemit ecosystem?

Good questions.

My personal opinion is that external factors (i.e. speculation) are probably bigger than internal factors in nearly all cryptocurrencies, including Steem. I think that's why so much of the crypto market seems to move in the same direction at the same time. I haven't seen any analyses on the topic, though.

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