I imagine Steem will increase in value, hive will decrease, just because of the relative sell and buy pressure.
I noticed Exyle has been buying more Steem - and he's made a lot of sound investment decisions in the past.
It will be interested to see where the relative prices go - I don't necessarily think the success of one will mean the decline of the other either!
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Yes, I too noticed about Exyle. Some other large accounts too haven't initiated the power down, implying they want to keep invested there. But even though it may give you good return in the end, I don't categorize it as a sound investment. It's a fact that there is more potential for gain with increased risk. Not everyone can take that gamble. But to each his own.
I concur with your thought of success of one does not imply the decline of the other. It's a large space and each one can play their own game in this space. At the end, projects will be evaluated with what they have achieved irrespective of the other.