Why do you think there was a dip? Normally, I wouldn't ask, but considering so many people are locked into steemit, you would think it could only retrace so much compared to BTC and other cryptos.

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It seems there is a direct correlation between the STEEM charts and the the trending searches of Steemit. I don't see this with other coins, like ETH for example.

I attribute this to the fact that it's backed by a social network and it's basically free for individuals to get involved. They search for Steemit, and then the natural tendency is to register because they think, "oh free money". Then once in, they have incentive to invest further.

Your thoughts?