SEC S16/W4 : STEEM ECOSYSTEM RESILIENCE
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Hello friends and I'm glad to take part in this interesting and most Importantly the SEC: S16/W4 in this great community. I feel so happy here sharing my thoughts after STEEM has had great potential most especially in the current bull run. It's strength is well unmatched and thus great potential far beyond measure.
"How has the STEEM ecosystem demonstrated it's resilience to market fluctuations and changing trends over time." |
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Steemit has been unwavering standing strong in almost 8 years. It is so reliable and although the hard times always comes , it always stands out coming forth as refined gold. It is so elastic and yet efficient. I would be sharing how are ecosystem demonstrated resilience to market fluctuations.
Active Participation:
From my observation during every week about 200 more participants take part in the Steemit Engagement Challenge and a great deal of them delegate their earnings to the steem, thus causing a sporadic increase in the token. These delegations and active participation makes STEEM stronger.
Innovative Projects:
There has been creation of creative projects which has enabled lots of participants in these rewards. I guess if these projects are not there generating rewards there would be little or no participation, creative and innovative projects like the diary games, engagement challenge and others has been instrumental in the resilience of STEEM.
Evolving over Time:
The platform has evolved overtime, sticking to it's basic rules and tenets while evolving over time. It has decided to bring in more greeters and most importantly more team of curators which makes it quite easy to visit various posts and providing reward for staking and creative writing. Therefore creating an environment for the platform to grow overtime, succeeding in the process.
Unity in Decentralized System:
There is massive turn up when it comes to active upvotes and comments, citing an instance seeing the comments on my notifications makes me feel so special. I am so glad to see the participation of people while making it available for decentralized governance. The various communities has a day in matters concerning the blockchain, thus the central authority does not solely dictate rather a symbiotic consensus mechanism is achieved, all these synchronize to provide a successful platform.
 sourcesuccess on steemit is quite applaudable |
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"How can the analysis of on-chain metrics such as daily transactions , community participation and token distribution, provide insights into the health and resilience of the STEEM ecosystem" |
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The analysis of the one chain metrics shows lots of importance. The daily transactions analyses deeply into the desire of the users, regulating how much the live the platform to decide to take part in transactions which shows their presence on the platform. The community participation analyses the beauty, users derive from various episodes of engagement being motivated by rewards and positive reviews all on the platform, rising to greater heights, these activities are checked on the on chain metrics and tracked the records perfectly.
Token distribution is basically tracked on the chain metrics too, glad users who are rewarded by various tokens happily stake their profits in the platform passively increasing their accounts and actively skyrocketing the platform to greater heights. Transaction volumes are also analysed as lots of users take part in the platform transacting and improving the pool of cryptocurrency flow, which shows how much the platform is going global, all these and more show how successful the platform has become overtime and sows how much potential it could reach using proper analysis parameter, I feel the platform is getting global. The reward and support from communities says it all.
 sourcethis says it all, the data never lies. |
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"How can STEEM, Relative Strength Analysis versus other cryptocurrencies help investors identify potential opportunities in varying market conditions? (Provide an example that shows your analysis) |
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Steem Relative Strength Analysis in relation to others should be compared using the progress rate of the STEEM over a period of time. The STEEM is a powerful cryptocurrency which has great potential it could be measured basically. This could be done by appropriate data collected from a particular selected date on a chosen time frame say, weekly or monthly, the basic trend of the market noted and other basic factors. The rate at increase during the chosen time frame could highlight it's relative strength.
Practically, citing STEEM to ETH we could assume too using he time frame say, February about 25 days simultaneously, choosing the concurrent point of increase over time for the various tokens respectively. The highest point on each trend at the end of the speculated date could be used to calculate the relative strength, within the chosen period of time. Investors could analyse these and after an overall analysis into the relative strength index could dive into the token, this attracting more progress.
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steem price from left(today's rate) to right(1 month ago), showing relative strength index rate increase
"What are the possible implications o fundamental events such as STEEM potential upgrades on the relative strength dynamics and market perception of ecosystem" |
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STEEM protocol upgrades in most cases could lead to smooth running of the platform and also attract lots of investors who would love the, let's say network functionality, it advancement in basic functionality of the blockchain arousing interest and positive recommendation in users, thus attracting investors.
On the contrary, worse case scenario, steem protocol upgrades could lead to nose diving during the cryptocurrency market toll, due to network hiccups or other sophisticated challenges. These protocols could in turn form backlogs in accessing of the cryptocurrency, thus although there might be better days ahead, it could cause a temporary twitch in the token as regarding the market or a free fall for such designed period of time.
"How does integration of on chain analysis with relative strength assessment provide a comprehensive perspective for investors, seeking to understand the overall strength of the STEEM ecosystem and make informed decision? (Provide an example that shows analysis)" |
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The on chain analysis as we explained shared details into the underlying transactions details that goes on the pool of transaction on the steem blockchain. The rate of participation and sporadic increase in engagement which shows investors how much is going on. Importantly the STEEM activities I'm relation to other cryptocurrencies could be highlighted using the relative strength index assessment, all these would bring forth a clearer picture of the increase in the cryptocurrency to be an effect of the on-chain analysis.
It's like solving a puzzle, the tokens only increased due to activities going on the blockchain. The staked activities, persistant activities and lots more, these acts come as double confirmation to these investors making them now that their assets are safe, so they enter and invest due to the confidence obtained already through the parametric analysis above
CONCLUSION |
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The special data obtained from.the on chain analysis clarifies the investors making them know how positive the platform has been and how much they stand to gain. The relative strength remains their confidence envisaging the potential of the token against other assets.
| S/N | invited friends |
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| 1. | @steemdoctor1 |
| 2. | @fantvwiki |
| 3. | @heriadi |
to join challenge
Thank you @daprado1999 for your thoughtful article! You have nicely highlighted the strengths of the STEEM ecosystem. Best of luck in the competition.
Received with great thanks my dear friend. I really enjoyed your special contribution to my article these feedback matters the most to me.
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
@daprado1999 the resilience of the STEEM ecosystem. Your analysis truly highlights the strength and vibrancy of the community especially during market fluctuations. Its inspiring to see how active participation and innovative projects drive the platform forward. Wishing you the best of luck in the contest!
Thanks so much my dear friend for studying my article and dropping such Interesting and valuable feedback. It really matters alot to me. I'm glad and appreciate your efforts once again for stopping by. Cheers once again in the challenge.
TEAM 5
Congratulations! Your post has been upvoted through steemcurator08.Steemit's durability over almost 8 years is excellent, standing solid also in difficult times. Its flexibility and also effectiveness are evident as it adapts to market variations. Energetic involvement along with development with time add to its success. The decentralized system fosters unity as well as community participation, making sure a mutual agreement. On-chain metrics like day-to-day purchases area engagement together with token circulation offer understandings right into its wellness plus strength, showcasing its international capacity as well as comunity assistance.
There are many innovative projects that this blockchain have as well as they are also many developmental strategies as well as strong decentralization system which is very United and it is leading to more and more resiliency with the passage of time and in overall strength of STEEM ecosystem on chain analysis is very helpful.
I wish good luck to you in this engagement challenge I really enjoyed your participation and I love to see your comment too at my post