After a series of unfortunate events, I think I am back to action to restart my STEEM Daily Update Series. Before start the discussion I would like to thank @apolymask for his great support and inspiration that given to me to restart this series. (I will try to write this STEEM Update Report per daily. But it depends on my time schedule).
I think we all experienced the sudden pump of the STEEM price 3 days ago. Now you might think, why I am mentioning this is a pump of price instead of STEEM price up? Actually the nature of that rise of price feels me like that way. And when I got that feeling I started the conversion of my STEEM investment into BTC (BitCoin), USDT (Tether) and BNB (BinanceCoin). When price drops, I started re-conversion of those investments into STEEM. It was a smart move and I could earn 30% - 45% more STEEM by that decision. If you get such sudden market pumps without big announcements, you might act smart. Most important thing is, you should make more STEEM at the end of the process.
Now I am going to discuss about WEISS RATING weekly update and I am unable to provide you the pdf file of that rating. But our beloved friend @exyle discussed about the latest update of WEISS RATING in his latest article. According to @exyle's update STEEM is holding C+ rating at WEISS and Bitcoin, EOS, NEO and Ripple are the cryptos which hold B ratings in the latest update. Personally, I am not trusting this outcome. Specially the rating they have given to STEEM.
When we check the ALEXA ranking of the STEEMIT you can notice STEEMIT is about to reach the top 1,000 websites in the upcoming week of time. I thought STEEMIT got a chance to reach 1,000 in last month. But alternatives like Busy.Org delayed the process of reaching 1,000 Alexa ranking so far. I wish STEEMIT development team will closely look at those figures and will do their best in this competitive market place. Because, STEEMIT is a social media platform and it might give a good competition to the market leaders like FaceBook, Twitter and so on. In that case, STEEMIT needs more attention. To make that attention UI (User Interfaces) are having a big role. If Busy.Org has better UI experiences than STEEMIT, people will refer it more. Therefore, STEEMIT development will try their best to get more attention here.
With recent market price of STEEM and STEEM DOLLAR (SBD) we can make decent amount of STEEM as an active blogger of this platform. One other important thing is Steem Dollar (SBD) market price also increased and passed STEEM again. It's a good sign and a good news for all active bloggers of this platform and I think we should not worry about a PEG at the moment (1 SBD = 1 USD). The market supply of Steem Dollar (SBD) is too low to PEG for $1.00. If it need to PEG to $1.00 it needs atleast 5-6 times of the current market supply worth SBDs.
STEEM is my best crypto choice of 2017-2018. According to my viewpoint STEEM will change the entire phase of crypto and social medias in next few years of time. Therefore, you must be hurry to collect STEEM, because this might be the last time that we can buy STEEM in this lower price level. I am going to tell you WHY? (Thanks for @mexbit to highlight those fields).
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Graphene Blockchain Technology early adopted STEEM blockchain is one of the fastest blockchain in the current world. Let's check the daily statistics of the STEEM blockchain now.
I wish no one will drain the reward pool too much. This daily reward pool is for all of us. Not only for few big players of the platform.
Sources: Steem, Steem Dollar
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STEEMIT made it's entry to top 1,100 in Alexa Traffic Rankings. I wish it will reach top 1,000 Alexa Traffic Rankings soon.
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Audience Geography
Here what I have found today from BLOCKTIVITY. As I told you before, Graphene Technology powered STEEM has proven that it has the capacity to do more scalability than Ethereum and BitCoin networks.
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STEEM got two big news in 2018.
I think we all experienced the sudden pump of the STEEM price 3 days ago. Now you might think, why I am mentioning this is a pump of price instead of STEEM price up? Actually the nature of that rise of price feels me like that way. And when I got that feeling I started the conversion of my STEEM investment into BTC (BitCoin), USDT (Tether) and BNB (BinanceCoin). When price drops, I started re-conversion of those investments into STEEM. It was a smart move and I could earn 30% - 45% more STEEM by that decision. If you get such sudden market pumps without big announcements, you might act smart. Most important thing is, you should make more STEEM at the end of the process.
Now I am going to discuss about WEISS RATING weekly update and I am unable to provide you the pdf file of that rating. But our beloved friend @exyle discussed about the latest update of WEISS RATING in his latest article. According to @exyle's update STEEM is holding C+ rating at WEISS and Bitcoin, EOS, NEO and Ripple are the cryptos which hold B ratings in the latest update. Personally, I am not trusting this outcome. Specially the rating they have given to STEEM.
When we check the ALEXA ranking of the STEEMIT you can notice STEEMIT is about to reach the top 1,000 websites in the upcoming week of time. I thought STEEMIT got a chance to reach 1,000 in last month. But alternatives like Busy.Org delayed the process of reaching 1,000 Alexa ranking so far. I wish STEEMIT development team will closely look at those figures and will do their best in this competitive market place. Because, STEEMIT is a social media platform and it might give a good competition to the market leaders like FaceBook, Twitter and so on. In that case, STEEMIT needs more attention. To make that attention UI (User Interfaces) are having a big role. If Busy.Org has better UI experiences than STEEMIT, people will refer it more. Therefore, STEEMIT development will try their best to get more attention here.
With recent market price of STEEM and STEEM DOLLAR (SBD) we can make decent amount of STEEM as an active blogger of this platform. One other important thing is Steem Dollar (SBD) market price also increased and passed STEEM again. It's a good sign and a good news for all active bloggers of this platform and I think we should not worry about a PEG at the moment (1 SBD = 1 USD). The market supply of Steem Dollar (SBD) is too low to PEG for $1.00. If it need to PEG to $1.00 it needs atleast 5-6 times of the current market supply worth SBDs.
STEEM is my best crypto choice of 2017-2018. According to my viewpoint STEEM will change the entire phase of crypto and social medias in next few years of time. Therefore, you must be hurry to collect STEEM, because this might be the last time that we can buy STEEM in this lower price level. I am going to tell you WHY? (Thanks for @mexbit to highlight those fields).
- STEEM is not only a Social Media based blockchain, it's a business blockchain.
- YouTube replacement called as DTube.
- Ustream replacement called as DLive.
- SoundCloud replacement called as DSound.
- StackOverFlow replacement called as PeerQuery.
- ERC20/Ether replacement called as SMT.
- Twitter replacement called as Zappl.
- DPorn will be the replacement of Porn Sites.
- STEEMIT is the replacement of Reddit / FaceBook.
Original Image Source
Graphene Blockchain Technology early adopted STEEM blockchain is one of the fastest blockchain in the current world. Let's check the daily statistics of the STEEM blockchain now.
Current Reward Pool Statistics of STEEM
Head Block Number: 21,321,982
Current Inflation Rate: 8.92712072
Current Virtual Supply: 272,859,176.61 STEEM
Every Block Produce: 1.737904401 STEEM
DAILY STEEM ADD TO THE REWARD POOL: 50,051.64676296
I wish no one will drain the reward pool too much. This daily reward pool is for all of us. Not only for few big players of the platform.
Current STEEM and SBD Market Analysis
STEEM Market Price: $1.76
Market Capital: 450,524,553 USD
Circulating Supply: 255,883,903
Market Capital Wise Rank: 29
STEEM DOLLAR Market Price: $1.87
Market Capital: 21,251,394 USD
Circulating Supply: 11,369,550
Market Capital Wise Rank: 253
Sources: Steem, Steem Dollar
Top Power Up Statistics in Last 7 Days
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Top Power Down Statistics in Last 7 Days
Liquid STEEM: 76,660,336
Current Supply: 266,510,947 STEEM
Pending Power Downs (Total powering down in the next week): 1,182,799 STEEM
Completed Power Downs (Total powered down in the last week): 1,285,214 STEEM
Difference (% Change): -7.97%
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What Alexa Traffic Statistics Says
STEEMIT made it's entry to top 1,100 in Alexa Traffic Rankings. I wish it will reach top 1,000 Alexa Traffic Rankings soon.
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Audience Geography
| Country | Percent of Visitors | Rank in Country |
|---|---|---|
| United States | 25.6% | 1,299 |
| South Korea | 10.7% | 294 |
| India | 6.3% | 1,751 |
| United Kingdom | 4.5% | 1,041 |
| Germany | 4.4% | 1,408 |
What Blocktivity Says Today
Here what I have found today from BLOCKTIVITY. As I told you before, Graphene Technology powered STEEM has proven that it has the capacity to do more scalability than Ethereum and BitCoin networks.
STEEM: 1,763,326 Transaction & Consumed 0.15% Network Capacity
ETHEREUM: 722,694 Transaction & Consumed 55.76% Network Capacity
BITSHARES: 454,612 Transaction & Consumed 0.04% Network Capacity
BITCOIN: 179,475 Transaction & Consumed 37.77% Network Capacity
ETC: 38,163 Transaction & Consumed 2.21% Network Capacity
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What Are The Most Active Blockchains?
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Marketcap of Most Active Blockchains
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Crypto Currency Market Capital Changes of Last Couple of Months Time
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The Speed of STEEM Blockchain by Animations
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Main Events of STEEM Blockchain in 2018
STEEM got two big news in 2018.
- STEEM Media Token (SMT) - A new way for publishers to monetize their online content and community, based on battle-tested blockchain technology. You can read more here
- HardFork 0.20.0 (HF20) - You can read about Hardfork 0.20.0 "Velocity" here
Time to few questions
- Do you have any opinion to improve the efficient of this article? If yes, please write in point form.
- What do you think about STEEM Reward Pool? Do we need to utilize it effectively?
- Where STEEM will go next? Or it will remain at current market price?
- What do you think about Smart Media Token? Do you think it will bring STEEM to the Moon?
References
- Smart Media Token - Source
- Graphene Blockchain Technology - Source
- Alexa Ranking - Source
- Blocktivity - Source
Special thanks for @rebeccaryan, for her nice suggestions to improve the quality of the report.
Special thanks for @apolymask, for his inspiration and the support.