https://www.blocktivity.info
Many coins go up and down based on news and hype. Market cap is used to compare the various coins. While market cap is a very important tool, it can be manipulated by pump and dump schemes that we are all aware of. At Block'tivity you can see the actual blockchain activity. Which coins are seeing actual traffic. They are all compared to Bitcoin as the standard by which all are measured.
What is shocking is how much traffic is passing through Steem as compared to all other coins. The "Activity Valuation Index" (AVI) shows that Steem currently outperforms Bitcoin in raw traffic by a factor of 1,582 compared to its price valuation. That number is staggering. It hints that Steem may be undervalued by the market. It could be for any number of reasons. I think we need to keep expanding the number of people who participate in Steem. At some point the market will take notice of this disparity and a proper valuation should occur.
To my fellow Steemians, think twice before getting into these flame wars. You may think what you are doing is justified but you are only hurting the brand. We have a remedy on Steem to avoid these issues. It is the "Mute" button. If you find someone offensive, just mute that member and you will not be bothered by their offensive content. I find it makes for a much more enjoyable experience on Steem. I would suggest using it very sparingly so you do not wind up existing in a self made bubble. Hearing different viewpoints can help us challenge our own assumptions and is needed for growth.
I am not a finance guy by any means. I think the tech guys can expand on what the Block'tivity AVI numbers tell us. Come on tech geniuses, let me hear from you below.