Looking at a number of sources all depicting a massive growth rate of Steemit!; we are still in the early days but Steemits world domination is on just around the corner; once the network effect kicks into high gear the crowd will come rushing.
1 Million dollars traded on the internal exchange in the last 24 hours!!
With a current market cap of $ 53,006,465 USD with majority of that pool of funded being locked in the network it is not a small task to get such a high 24h amount. The recent (1-2days) 100% surge in price may have played some part in providing the fuel for these trading volumes; STEEM currently trading for $0.66 USD and as recently as 1 week ago a STEEM token could have been had for 1/3 of that price at slightly over $0.20 USD.
What has cause this surge in price?? The recent surge in price is not the only numbers we have seen surging here at Steemit and maybe this could give some justification to the current numbers; in short Steem and Steemit are preparing for lift off, let check out a few charts to get a better view of the situation.
Brave New Coin Price Chart - July 1st - 11th
Steemit's Internal Market
Google Trends for 'Steemit"
steemle.com Chart showing Transactions per day
steemle.com Chart showing User Creations per day
steemle.com Chart showing Posts per day
Alexia Site ranking
Not to mentioned my personal finding while F5 'ing the Steemit signup bot @steem the rate of new users coming in via the web interface has doubled since yesterdays with some hourly periods seeing 30-40 new user signups!!.
The charts above illustrate a common direction that is present in many more Steemit metrics; and is inline with my personal experience from friends and colleagues; internet chat rooms are buzzing with steem links and before long a massive crowd of people will be hitting Steemits door step!
Yes. Steemits Growth is exponential. Especially being that there is no catch to earn money! You earn for every single action you make on Steemit because every action you make is on the blockchain.
Its truly amazing and I'm honored to be here in the beta stages
The only problem is that most voters don't have any weight, this could be an issue as some people may start to leave after seeing all the low-weight votes not bringing in anything. It's discouraging seeing 10-15 votes and seeing zeroes in your acc balance.
I think over time as everyone's Steem power grows there will be a lot more weight in voting. It's still beta. So wait until there are millions of voters. :)
Its the reality of this beast and the only way to avoid the buying of upvotes like it happens on reddit. The content reward slowly provide more power to new users. If someone wants power they need to either provide value or buy it.
great work! thanks!
I knew it. I knew it in my gut.
I need to buy more NOOOOOOOOOOOOOOWWWWWWWW!
I'm sharing the crap out of this post on all my social media networks!!!
Yes.
The internal market is truly genius. It takes a lot of the trading of the value of the STEEM tokens away from the general crypto markets and really allows for the value to be set by the internal users.
10$ by the end of the year. No shilling! Just heard from the NASA, Steem is ready to take off.
Put your seatbelt on!
It is the next big thing. Sold a part, kept power, before the huge tripling. It was awesome anyway. :-) And in Steem Power I'm now plankton amongst zee whales.
Now I come to think of it. That analogy might not be the best I've ever made. Anyhow got some FOW again, and Steem is going for the top three in the market. Life is good, life is Steem.
This is all amazing news! Even though cashing out some of my SD gave me great material for an article, I wish I didn't have to do it. The new account creation is the best stat of all I think, it shows the word is spreading far and wide!
Nice graphic by the way, :-)
CG
ME TOO! I wish i hadn't cashed out any! but oh well, we learned, right?
Yup, learned the hard way :-) At least we've still got some left, so all is not lost!
CG
and our reputations are solid. That's the most important thing! I am so happy I put my every fiber into this world in the beginning.
thatsrightstellabella
keep it comin
Yes I am excited as well. Have been watching it for two days now. Have seen it continue to rise.
Great post! Steemit is rocketing forward for sure!
Like all cryptos, if you want to make money long term then HODL :)
SUH-WEET :) I'm not worrying about anything I have cashed out. It's an incredible opportunity either way.
Be glad you have the freedom to make such decisions. That is what steem is all about. Getting paid to exercise your freedoms that your ancestors gave up their lives for.
Gratitude!
"It's one billion million numbnuts!"