Yes, it's true! Steem was once amongst the top 5 amongst all cryptocurrencies in the world! Infact it was in the 3rd spot. Ever since we've slipped down several spots to around 30. Earlier today we managed to get upto the 25th spot.
The fact that Steem was in the 3rd spot was just 2 years ago. The following image shows you just that. It's amazing that somebody out there had saved it so that we could look back at a time when Steem was at its infancy and had been so high up in the charts.
At the time Steem was in the 3rd spot, there was hardly half as many cryptocurrencies in the world. Today, there a TON and new ones are cropping up every single day. It's easy to guess that in another year or two we'd have over 2000 cryptocurrencies and maybe someday there will be government making tokens of their own.
Steem as we know it is a unique cryptocurrency. At the moment the blockchain is the fastest in the world processing more transactions than most other networks. It's incredible that it was designed to do this and past two years have proven that it works!
I found the image on this thread on BlackHatWorld. It's interesting to note the discussion taking place there about the early days of Steem. Many considered to be a new MLM scheme of some type and a lot of people still feel that way until they actually use it for a while.
Anyways, It's also worth noting that the day the screenshot above was taken Steem probably had it's highest pump in a day. It's over 380% up. We haven't seen any pumps close to that in a long time now.
Today, it's easier to convince someone to join and use this platform. Many more people today are aware about the existence of some virtual currencies than ever before. Even though most wouldn't understand how it works or any of that.
Steem blockchain and cryptocurrency is amazing but we've slipped down the charts and have stayed down for a long time.
What do you think can be done to improve this and get it back up to atleast top 20 if not top 10? I think Steem is one of the better cryptocurrencies out there in a world full of shitcoins and deserves to have a higher marketcap and ergo higher rating amongst all cryptocurrencies.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
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