The price of the STEEM coin per day increased significantly, which allowed it to achieve a capitalization of more than $121 million and rise to 37th place in the rating of the most influential digital currencies.
Related: Binance apologizes to Steem and says it has unvoted
At the time of writing, the price of STEEM is $ 0.35.
The value of the coin began to grow amid the support of the Steem hard fork by large exchanges - Binance, Huobi, and Bithumb. Note that the platforms did not promise to list the new HIVE coin.
Earlier, the Steem community announced their intention to migrate to the new Hive.io blockchain. To do this, a hard fork will be held, scheduled for March 20.
Steem token holders, except Steemit, will receive the corresponding number of Hive tokens, developers said.
Recall that in early March, the Steem community accused Poloniex and Tron founder Justin Sun of trying to seize power over the network.
Subsequently, Huobi admitted that it used customer assets to support the decision to remove the previous validators of the Steem blockchain for Sana, and Binance regretted the assistance provided to the founder of Sana in defrosting his accounts.