There is a strong relationship between the activity on the block chain, the daily account creation rate, and the Price of Steem. Have a look at the following charts:
Chart 1: Daily Account creations for the last 90 days.
I pulled these stats from steemsql.com into my PowerBI dashboard. This is the daily number of Steem accounts created for the past 90 days.
Have a look at those peaks. We're setting new highs in account creation, and on Friday over 12000 new accounts were created. Nice!!
Chart 2: Daily active content creators.
This is the count of unique accounts generating posts of comments/replies each day, over the last 90 days.
Look at that! We've broken the 30000 active content creators mark, and the trend is heading upwards! These are the accounts earning the rewards from posting and commenting on the block chain.
Chart 3: The Price of STEEM
Now check this out! This is the price history of STEEM from coinmarketcap.com over the last 90 days. See if you can see the relationships between this and the orther two charts.
There is a definite correlation between the account creation stats and the STEEM price. A consistent account creation rate over a few days sees the STEEM price remain strong, and even go up. Could it be the price driving up the account creation rate though??? People are attracted to money! Perhaps the former drives the latter, and the latter in return supports the former.
All I know is that the growth rate of accounts and activity on STEEM has increased significantly in recent weeks, and is still very much on an upward trend. This bodes well for the price of STEEM as well, as the more accounts and activity there is, the higher demand there will be for STEEM, and higher demand = higher prices.
There is also a strong correlation between the ratio of normal- to self-upvotes by weight, but I won't go into that side of things ... you greedy people know who you are!
I am starting to believe in a $20, $50 or even $100 STEEM price even more as these milestones are being reached. 50000 Active content creators, and a 15K account creation day coming real soon!!
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