Vitalik Buterin, the next big creator of cryptoworld after anonymous Satoshi Nakamoto, bashed that coin as the centralized piles of trash. Though it is claimed as earth shattering chain and spent 100s of millions of dollars in developing DApps. Unfortunately, the most popular DApp on EOS, EOS knight ranks 12th in the [StateOfDApps](https://www.stateofthedapps.com/rankings) ranking. Interestingly, out of top 12 Steem DApps hold 6 rankings, including number 1, 2, and 6. Probably, EOS has 10X less number of DApp users than Steem then why EOS has 35 times larger marketcap than Steem.

<center>![EOS_pump.png](https://cdn.steemitimages.com/DQmVXXfrBnZRzPh5dabir2Xhy9brb3tMGXtFkcdU2CEg8th/EOS_pump.png)</center>

The answer is that it is centralized!  It is too centralized with hugely expensive hardware requirements to be a block producer. Also, most of the EOS holders are crypto institutes such as Huobi. These big players know how to pump (and dump) a coin by setting up walls and piling up volumes (i.e. how can a coin has more than 70% of marketcap equivalent 24hrs volumes for weeks). They are pros with good understanding of the market. Therefore, it is very easy for EOS to have good volumes and uptrends.

On the other hand, STINC and @blocktrades are very passive and non-participant in the market. Even STINC sells regularly to raise fund for their budget. The traders are small bunch of retail traders who are very fickle minded and therefore, it is hard for to resist urge for any sells. 

Moreover, EOS inflation rate is very low and mostly earned by the big players who has little incentive to sell. On the other hands, Steem still has large number of holders from early adopters and relative higher inflation since it is still in (social) distribution phase. Therefore, sell pressure is higher but demand is low.

Finally, Steem has misinformation or stigma being instamined while ICOs such as EOS or TRON are 100% instamined which are sold to investors. They are marketed by the efficient marketers hired by their experienced devs at the height of ICO boom. Therefore, their recognition is better than Steem.

Recently, @dtube [published a blog](https://steemit.com/dtube/@dtube/dtube-fundraising-s-experience-with-vcs-and-our-next-move) about their fund raisting attempts where they mentioned that how VCs or investors were astonished to know that Steem has 400 DApps. 

Folks, it is all about Marketing, savvy investors and dynamics, that a centralized pile of trash with little community and few popular DApps have 35 times higher marketcap than Steem.

Probably, Steem needs to be more decentralized from weak hands to strong hands to see some upside. More exchanges with low cost of node with MIRA may help. Perhaps, Steem is held by the SMT (Knights) to be released before it can compete its more (hyped) successful EOS. 


**Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.**

<center>![steem_speed.jpg](https://ipfs.busy.org/ipfs/QmQ4ZN5XNpqQdTgiuHXJmd5WyGnF4obzRWFPhY4eyqLkYf)
</center>


Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger