steem has a small market cap at the moment $869,397,910 USD early days for the currency and the platform. a number of upcomings platform will be either utilising or emulating the graphene 100k TPS with no fees. it's the future and steemit will be here for a long while to come !
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I hope this is true.
I foresee a solid $price for steemit later this year and as more people realise graphene is the way, the more people will buy into steem. SMT's will be interesting
The market cap of steem isn't very relevant though, is it? I'd much rather know how much steem is locked into steem power, which is a much closer analog to market cap than steem supply * steem price.
I'm trying to do the math here. Steemd.com shows there are currently 381 billion vests. With 489 steem per million vests, you can calculate that 186 million steem are currently locked into steem power.
(381B/1M)*489=186M
Maybe my math is wrong? Would love a double check.
yeah whatever you say then