The way I read it, adoption and steem power are creating a more steady steem ratio the bottom in march where the dip and correction happened your intesection occured, 
but although we dipped the rise became more natural and when we dipped again in june the liquid steem didnt dip again, that to me seems like its stability is a sign of increased adoption and potentially an insane extrapolation of value. I could see us going parabolic much sooner than i expected if the trend remains. Good work
You are viewing a single comment's thread from:
With growth of Steemit "Monthly Active Users" the network value is expected to follow an exponential value to users. Metcalfe's Law is a general expectation. Essentially, every time the numbers of active users doubles, the value grows 4 times. Since Steemit business model has very little overhead, price is expected to mirror value.
I think with SMTs launching and additional apps launching, the Monthly Active User count will climb again and price will take off.
@socky , thats what I see happening, scaling is scaling and steemit is well..gaining steem! I see a very bright future here.