Bitshares Now On Parity With STEEM!!! Will They Both Move Up Together????

All hail, those who kneel at the altar of the Church of Dan.

Those of us who are advocates of the blockchains created by @dan know the power of what we are sitting upon. While the rest of the world looks at Ethereum and the multiple Bitcoin forks, the @dan blockchains languished in relative obscurity. Even today, the one blockchain of his that is receiving the most attention, EOS, is not even released yet. Hence, STEEM and BTS are still on the sidelines.

Or are they?

Bitshares recently made a huge move up in pricing nearing $.40 before pulling back into the $.35 range. Of course, for someone who feels this was undervalued, the jump came as no surprise. What is always perplexing is the timing. Why now? Was it because of the recent run up in crypto in general?

As it turns out, Bitshares had a massive run up in terms of the number of transactions. While usually occupying the second spot behind STEEM, it was usually around half the amount. Now, that is no longer the case. BTS and STEEM achieved parity.

In terms of transactions, both processed over 2.9M, split almost evenly. Another interesting fact is the marketcaps of both these blockchains is almost identical. At present, they range 30th and 31st on coinmarketcap.com.

Both these blockchains suffer from the same thing: neither is very good at marketing. Hence, the more popular blockchains in terms of pricing actions tend to be those with the "story" to tell. In my opinion, this is not a problem. Let the other blockchains get their 15 minutes of fame. Both STEEM and Bitshares are powerful engines that are just gearing up. When the world becomes aware of what is taking place, it will be massive.

I will give you an example. There is a privacy token that was created to handle not only transactions, but all kinds of messaging. It is called Cvcoin (this is not a plug for that coin in particular..do you own homework) which tied to Crypviser. We know privacy coins are garnering a great deal of attention since the prying eyes of the governments and other entities (such as Facebook) are making news.

The reason I bring this token up is because it operates on the Bitshares network. Another fascinating point is that it just launched the messaging app on the Apple Store yesterday. This might explain some of the build up in traffic.

Like with STEEM, the real value in Bitshares is what takes place on the blockchain. It is the other applications that are going to bring value. While the marketing of the individual blockchains is below standard, the applications are going to be the ones drawing attention. Each of these blockchains, once STEEM brings out the SMT protocol, will be able to create tokens. This will only serve to make the underlying tokens more valuable.

Demand is only going to increase radically as more projects like Cvcoin make their way to these blockchains. Because both blockchains were created by @dan, they are going to be invariably linked (along with EOS). Ultimately, we could see buying action on both chains feed off each other.

Here is a network status for crypviser.

Ponder this fact for a second.

According to this, there are 2.7 transactions per second. If this was on the Ethereum blockchain, that would suck up more than 10% of the total capacity yet, on Bitshares, it is not breathing hard.

Personally, I do not own any Cvcoin nor will I ever. However, I do have a vested interest in this token since I do own Bitshares. The success of this project makes Bitshares more valuable.

Owning a piece of the road makes one care less about the brand of cars driving on it.

Both Bitshares and STEEM will end up using the same model.

And for now, they attained parity.

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