The steem blockchain is incredible. While there are many factors that enter into the pricing action, there is no doubt that performance is vital for the long-term.
Today, Steem became set the record for most transactions in a 24 hour period, 1,155,679 while averaging over 1M transactions a day over the last week. What is most impressive is that Steem is achieving these results while only operating at .1% of its total capacity.
I would say that leaves a bit of room for upside growth in that regard.
There is also good news on the Steemit.com front. For those unaware, this is the main steem app at this point with most of the blockchain activity going through it. A week and a half ago, this site was ranked by Alexa at #1,000. Look at where it is today.
It does appear that Steemit.com should break the top 700 U.S. sites in the next couple of days while it also moves up on the world ranking.
Many look at pricing action and get caught up in the emotion there. Blockchain technology is multi-layered in terms of what is important. Try to keep focused upon what is taking place on there. The price will eventually catch up.
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