STEEM is new and we all know about it !
How many Altcoin that has good innovation ? 1 ? 2? or 3? or none? . STEEM as the new brand of cryptocurrencies bring new innovation into this crypto world. Compared with Bitcoin, STEEM is just like a baby while bitcoin already become a grandfather.
Have you ever thought what will happen to STEEM in the next 8 years ?
Lets make comparison between STEEM and BITCOIN.
As Coindesk reported over the past 12 months the hashrate of the bitcoin network has tripled, to over 650,000,000GH/s. User growth across core services has been impressive.
According to publicly available data, there are now over 10 million bitcoin wallets. Perhaps the most informative statistic of all is the transaction volume: the number of transactions has also grown impressively, from roughly 80,000 a day to more than 200,000 without showing any signs of slowing.
Yet BITCOIN big challenge for 2016 is reaching 100 million users. We can say that BITCOIN already on the phase mass adoption and recognition despite the price of BITCOIN is declining. By 30th of July 2016 the price of BITCOIN is down to $655 from the history high $1250.
Now, if we use the same data from BITCOIN and make calculation. STEEM now according to diffusion of Innovation theory , still on the phase of the innovators, its the 2.5% who out there literally sleeping in front of the computer to post for innovation.
By this month STEEM user already more than 30k user, Its 0.03 % from BITCOIN user. The price of STEEM now is 400k satoshi in average. When STEEM user reach 100 million , it will give us prediction about 0.38 BTC per STEEM.
Is there any good cryptocurrencies that has better future than STEEM?
Meanwhile STEEM will has more development, Its just the beginning and of course new features will be added and that will make the price of the STEEM more competitive.
So, STEEM Innovators must HOLD your STEEM.
steem is attracting young and old, poor and rich. There are no barriers to enter and anybody is welcomed to join. A crypto-game changer :)
Good Work BitShares Team!