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 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!