Splinter Cryptocurrency Hive Outperforms Justin Sun’s Steem After One Week Trading

It's been a week since the community that drove the Steem blockchain largely broke off to form Hive, and the market action so far has been on the side of the dissidents. Contentious split When Hive split, it copied the blockchain so that all the content published on Steem would belong again to Hive users, with the exception of the balances that had been controlled by the now-Sun-controlled Steemit Inc. and its so-called "ninja-mined stake.".

Meanwhile, a lot of the major pillars of the community are moving over to Hive, and major holders of steem tokens have begun making moves to exit their positions. It decided to support the hard fork by allocating the hive airdrop to its users, despite having initially backed the Tron Foundation in its bid to sway Steem governance.

Timeline of Steem