Again China started a drama on crypto currency. According to the Bloomberg - China is planning to Escalates Crackdown on Cryptocurrency Trading. Therefore, we can see a huge market drop at the moment, while I am writing this article. Anyway for me every drop is a temporary and market will rise anytime and it already proven it's recovery time is much less than fiat recovery time. Therefore, HODL your coins at the moment.
Few days ago I told you BitShares is going to capture the Number 1 or 2 place of the Blockchain transactions. At the moment BitShares(BTS) manages to hold the 3rd position of the Blockchain transactions and now they are trying to take the 2nd place by dropping ETH to the 3rd position. This is the beauty of Graphene's Blockchain Technology. It has proven it has no match and it's the future of all blockchains. Therefore, STEEM and BTS are the early adopters of this amazing Blockchain technology and just imagine how it impacted on the price of STEEM and BTS in near future.

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Here what I have found today from BLOCKTIVITY. As I told you before, Graphene Technology powered STEEM has proven that it has the capacity to do more scalability than Ethereum and BitCoin networks. As a result of that STEEM made a new Blockchain transaction record few days back and claimed #1 in the blockchain transaction of today as well. Most important thing is STEEM consumed 0.12% Network Capacity to process 1,493,365 Transactions, but Ethereum has used 100.00% Network Capacity to process 1,246,178 Transactions and it has 18,786 Unconfirmed Transactions as well.

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What BLOCKTIVITY said today?

Let's take a look at Top 5 Transactions happened in Blockchains today.

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STEEM (STEEM) - 0.12% Capacity Utilized with "0" Unconfirmed Transactions
Market Price : $4.16
Circulating Supply : 246,845,246 STEEM coinmarketcap.com - steem

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Ethereum (ETH) - 100.00% Capacity Utilized with "18,786" Unconfirmed Transactions
Market Price : $1,090.96
Circulating Supply : 97,012,347 ETH coinmarketcap.com - eth

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BitShares (BTS) - 0.07% Capacity Utilized with "0" Unconfirmed Transactions
Market Price : $0.407506
Circulating Supply : 2,607,130,000 BTS coinmarketcap.com - bts

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BitCoin (BTC) - 100.00% Capacity Utilized with "89,107" Unconfirmed Transactions
Market Price : $12,059.90
Circulating Supply : 16,805,650 BTC coinmarketcap.com - btc

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LiteCoin (LTC) - 3.82% Capacity Utilized with "0" Unconfirmed Transactions
Market Price : $200.10
Circulating Supply : 54,779,408 LTCcoinmarketcap.com - ltc

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Let's check the Most Active Blockchains

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Marketcap of Most Active Blockchains

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Let's check the figures in animations by @kyriacos and @overkillcoin

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What do you think about STEEM BACKED DOLLAR (SBD)?

SBD is peg to 1 USD, but it's still trading around $4 range. But we should not forget SBD is peg to $1. As a result of that, I am not surprise if it drops back to $1.00. But I also wish to see SBD at $10.00 - $20.00 level as well.


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