In my feed, I watch for Hive account@penguinpablo 's posts because he provides stats on the Steem Blockchain. I especially look for them right around the days of SPUD. Luckily by chance when going through my feed I noticed one of his most recent posts. The thumbnail for that post showed a Steem user activity chart. It immediately reminded me of another chart I had recently looked at, except this was a Steem Price Chart in US Dollars and Cents.

I double checked again, and when comparing Hive account@penguinpablo 's chart showing Steem User posts and comments from about April 2017 to present to the Steem Price chart for the same period, the resemblance is uncanny. I don't know if anyone else has ever noticed this or posted about it, but I am shocked.

Is this Metcalfe's Law at work? Does this mean that should real Steem Blockchain User activity return to say the mid 2017 or even mid 2018 user activity levels, that the Steem price could rise back up to the $1.50 range based on these charts? Unfortunately with the current state of the crypto-market under the thumb of Wallstreet, I don't see that herculean task happening in the near term. I do FIRMLY believe that the Steem price is currently serously UNDERVALUED, especially when compared to other projects that don't even have a product in the wild and yet have a higher price valuation Steem. These charts seem to indicate that the Steem price has bottomed and really has no place to go but up.

There are currently many active and successful projects happening on the Steem Blockchain. Projects such as SPLINTERLANDS, ESTEEM, ACTIFIT, NTOPAZ for art, Dtube, 3Speak, SteemPeak, Appics, SteemLeo, SteemHunt, PalNet, and more recently Hive account@sbdpotato . Now there are communities as well, along with other projects yet to come that all contribute to making the Steem Blockchain and its network one of the best and most undervalued crypto-communities.

Go FULL STEEM AHEAD!

+++ Hive account@streetstyle

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Hive account@penguinpablo
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