Healthy, healthy signs for the Steem blockchain as the Asian appetite for Steem and SBD grows on Asian exchanges. Here is some of the recent stats of Steem and SBD according CoinMarketCap on 2/23/2018.

To put this data into perspective, both Steem and SBD have been largely traded on exchanges like Bittrex and Poloniex which lacks the footing with the Asian community when compared to exchanges like Upbit, Binance and GoPax. The cryptocurrency bull run of 2017 that saw Bitcoin hit a record $20,000.00+ USD per coin value owes some of its success to the formal acceptance of cryptocurrency as a form of payment in Japan and the exuberance of countries like South Korea. The Asian community aren't just excited about cryptocurrency but are putting their money where their mouth is also, on a day to day basis the sentiment from the Asian market can send the cryptocurrency up or down a couple billion dollars as we have seen over the last couple weeks.

So what does this mean for Steem Blockchain

As we have seen from the picture above and the data for Bitcoin and other cryptocurrency according to CoinMarketcap, these Asian base exchange tend to lead the market. On a more technical side, the Asian market is also more mature as they tend to dive into the technology and invest base on its merits. On the monetary side, the Asian market isn't afraid to invest heavily, if a project is promising, then big names aren't afraid to splash big money at it. As we have seen past three of Japan biggest banks with deep pockets like MUFJ, Mizuho, and SMBC have all backed Japan largest exchanges and have been richly rewarded. Hopefully you see the big picture with the continued innovation and development within the Steem ecosystem providing that its loved by the Asian community could mean good things are in store. Probably the deal can get sweeter if Bithumb and BitFlyer provides support on their exchange for Steem and SBD.

Price action on Steem could get very interesting in the coming days to weeks as the insatiable appetite for cryptocurrency by the Asian community swells. Looking primarily at supply and demand, it would be especially interesting to see SBD dance with this kind of demand when comparing its supply to Steem.

Lets show the Asian community some love, I am particularly excited about learning and reading more about the Asian culture. So much has been written about "Candlestick pattern", it would be interesting to read or probably listen on Dtube the opinions of a Japanese trader on Steemit considering that they brought this art to the western culture. The future looks interesting, Steem is at the forefront of leading a truly global village while empowering everyone who tells their story.