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STEEM-Engine Trading Volume Crash Regardless of Market Prices of STEEM and DEC is 22.95% More Expensive Compared to HIVE-Engine by vimukthi

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hive-167922 · @vimukthi ·
$1.20
STEEM-Engine Trading Volume Crash Regardless of Market Prices of STEEM and DEC is 22.95% More Expensive Compared to HIVE-Engine
I powered down some STEEM (not very unlikely thing to do as DEC prices are dirt cheap with many new airdrops getting ready fro @splinterlands). There has been one trend I have been used to. __DEC is normally cheaper on STEEM-Engine.__ This is why I have been loving the experience of spending my STEEM for Dark Energy Crystals.

I recommend doing an arbitrage trade for those who are not interested in playing @splinterlands But the current market conditions doesn't allow much of that either. Worst part is that I have already transferred my STEEM and paid the 1% fees.  

![STEEMEngine.png](https://i.imgur.com/wCgAlvO.png)

### That Was 32 STEEM/$14.22 Trading Volume
I'm used to having a good 20 times larger volume for DEC on STEEM-Engine which is still very low compared to HIVE-Engine. Take a look at the difference on the HIVE second layer:

![HIVEEngine.png](https://i.imgur.com/TvfHHdn.png)

### 22.95% Arbitrage You Cannot Use
If more people started selling DEC on STEEM-Engine we may have a better volume now. I can settle for having less of a discount compared to HIVE-Engine prices. I would even be happy with the same prices as HIVE-Engine. After all 1000 DEC can still be spent as it it were $1 on @splinterlands

![Calculator.png](https://i.imgur.com/sZMjlpK.png)

### STEEM Pump is Probably To Blame
One of the issues/advantages of HIVE/STEEM-Engine DEXs are that they have their token prices traded based on more volatile cryptocurrency rather than fiat like USD. Swings in STEEM and HIVE prices can greatly affect the price of the underlying assets. This can be amazing or not that great depending on where you stand in the market/trade. 

You can take a look at prices on @coingecko These prices combined with low volume can create interesting scenarios for Token prices.

### STEEM
https://i.postimg.cc/J7KkPNmh/STEEM.png

### HIVE
https://i.postimg.cc/1trqx6qJ/HIVE.png

### Have A Good Eye For Caution
Things can massively change in a short time span. Make sure that everything is in proper order to pull off your trades. If this is your first time hearing about the arbitrage related to DEC prices. You can have my additional tip that [https://steemmonsters.com](https://steemmonsters.com?ref=vimukthi) allow you to transfer DEC between STEEM-Engine and HIVE-Engine without having to pay any fees. __This strategy only works for DEC as far I know.__

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@vimukthi/steem-engine-trading-volume-crash-regardless-of-market-prices-of-steem-and-dec-is-22-95-more-expensive-compared-to-hive-engine)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 23 others
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vote details (87)
@bigtakosensei ·
$0.02
Interesting, I feel like steem is pushing people more towards trx than the steem engine. I still have a little sp I use with some apps that still cross post to steem. It’s always a nice lil boost for my Hive engine though...
πŸ‘  
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@vimukthi · 
My slow power down helped me to cash in on the STEEM price pump which as I expected was much higher than that of HIVE. Justin Sun is not very interested in improving STEEM as much as using STEEM to bring more value to TRON.
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@charcoalbuffet · 
I could be wrong but i think Steem-Engine's pretty dead compared to Hive-Engine.
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@hivebuzz · 
Congratulations @vimukthi! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@vimukthi/posts.png?202102261432"></td><td>You published more than 2600 posts.<br>Your next target is to reach 2700 posts.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@vimukthi) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hivebuzz/@hivebuzz/pud-202103"><img src="https://images.hive.blog/64x128/https://i.imgur.com/805FIIt.jpg"></a></td><td><a href="/hivebuzz/@hivebuzz/pud-202103">Hive Power Up Day - March 1st 2021 - Hive Power Delegation</a></td></tr></table>
πŸ‘  
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@mawattoo8 · 
Hive is getting stronger than steem.
πŸ‘Ž  
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@minimining · 
Is it airdrop in coming from splinterlands??
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