2 Great coins to look out for and make money!!
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Steem and Hive are both decentralized blockchain platforms designed to support social media applications, enabling users to create, share, and monetize content. Hive emerged as a fork of the Steem blockchain in 2020, aiming to enhance decentralization and community governance. Both are blogging /social networks, very popular in many Asian countries.
Current Market Prices:
Recent Trends:
Both Steem and Hive have experienced significant price movements recently. Steem's price increased by approximately 13.05% in the last 24 hours, with a 24-hour trading volume of around $708 million.
Similarly, Hive's price rose by about 41.52% in the same period, with a 24-hour trading volume of approximately $715 million.
These price surges are part of a broader trend in the cryptocurrency market, where several digital assets have experienced substantial gains. For instance, a recent report highlighted a combined 256% increase in six cryptocurrencies, including Steem, over a short period.
Background:
Hive was created in 2020 as a response to concerns about centralization within the Steem blockchain. The fork aimed to establish a more decentralized platform with enhanced community governance. Since then, both platforms have operated independently, each fostering its own community and ecosystem.
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The recent price increases of Steem and Hive reflect growing interest and activity within their respective ecosystems. As decentralized platforms for content creation and social interaction, they continue to attract users and developers seeking alternatives to traditional social media networks.
Disclaimer : I invested in Steem when it was 0.08