Greatly appreciate the time you took to put this post together. The charts and analysis are very informative.
In my opinion many new account holders do not understand upvoting or the benefits of holding STEEM Power. I have seen several newbies just upvoting very often everyday and not realizing that it depletes their upvoting power and reduces potential curator rewards. With the establishment of the 30 minute curating rule, the potential rewards from curating has gotten more complicated. I understand why the rules are in place and agree with their enactment, but new accounts holders who do not understand the rules may be frustrated and discouraged.
For myself I learned a lot from Mind Your Votes! An investigation and guide to maximizing your Curation Rewards, it may be of help to people reading this thread.
SteemIt is appealing to a wider variety of internet users, some of which are not savvy on crypto-currencies. There may be more than a few users on SteemIt that do not understand the relationship between STEEM, STEEM Based Dollars, and STEEM Power. And still even fewer who know how to transfer between the different currencies. I say this because I had one user reply to one of my post who did not have any other kind of crypto-currency wallet, basically completely new to the concept of crypto-currencies. As SteemIt gains more of the general internet users the more experienced users need to help the newbies. The fact that SteemIt is attracting more general internet users is very encouraging to me for the future prospects of STEEM.
Steem Dollar Stability Enhancements. This should also contribute to the continued success of STEEM.In a recent post by @dantheman he talks about
In zone 4 of your price chart, I see STEEM forming a long term base. This usually portends well for the future price.
Steem on,
Mike