Whenever the price of STEEM rises we see an increase in interest.
This has a feedback effect because some of those onlookers may like what they see about the project and become investors.
This last week the price of STEEM rose significantly on Saturday and Monday. So far the price seems to be maintaining its gains and establishing a new floor at a higher level after each rapid rise.
The fact that the price pumps but not excessively and then doesn't fully dump thereafter is a good sign.
Traders are getting in and staying in, for whatever reason.
It is hard to tell where the buying pressure on the markets is coming from since those statistics are not available. We can however see where in the world interest is increasing and that is also very positive.
Note the green line, it is growing at a faster rate than all other lines.
This indicates that there is a definite increase in activity from Asian countries.
The green line has entered yellow (Europe's territory) If this more rapid growth continues we may even see Asia strongly competing with Europe in coming months.
The growth is most pronounced in Eastern Asia although all Asian regions are showing a significant uptrend.
Analysis of trends by region show that South Korea, China and Indonesia are the sub-regions and countries where most of this interest is coming from.
Growth leading to popularity in the East bodes well for STEEM, we have all seen what it has done for Bitcoin.