Today I finished my monthly stats for Steem as well as a small power up which I neglected to do yesterday on #SPUD. Maybe it's better, since I'm not aiming for any of the prizes, and I would only make the organizer of the event work harder to calculate the ratios for every participating account.
As I looked at the numbers, one shift in my Steem-related portfolio draw my attention.
My #SteemMonsters card collection (without counting in DEC or #SPT tokens) are currently worth more in US Dollars than my #STEEM and all the Steem-Engine tokens combined. It's the first month this has ever happened.
That happened almost seamlessly, all while I focused on increasing my STEEM Power, first to dolphin level and now to 10K. That also is true without counting in the unopened #UNTAMED packs, and I still haven't opened most of them.
What helped this "transition" in my portfolio weights (calculated in US Dollars)?
Well, two things for sure.
On one side, the price drop of STEEM and most of the Steem-Engine tokens, compared to recent highs, in the latter case.
On the other side, the continuous growth of the 'market cap' for SteemMonsters, which is once again soaring:
During the past few months, although I invested in the Untamed packs, my main focus remained STEEM Power. And I kept most of my SE tokens.
And yet, on paper, and calculated in USD, I now hold a more valuable Steemmonsters collection than SP + SE tokens.
Well, I won't put all my eggs in one basket hoping SteemMonsters will continue to grow more than the ecosystem and, as far as I know, than most (all?) crypto holding during the bear market.
But for the weight of the portfolio to shift again, there needs to be something comparable to an explosion that will positively affect the market price of other of my SE tokens, my STEEM, and, in the future, the SMTs that I'll hold.
If Communities / SMTs will be a success, anything is possible. SteemMonsters growth may slow down at some point, but I don't see it on the declining slope any time soon, quite the contrary, since they are expanding. Only my thoughts here...