Steem Growth update: Powering up in December
A touch over a month ago I wrote a post looking at the six month change in numbers across Steem Power bands. I dod this to get a better understanding about the growth of the platform and what effect the lower prices are having. Steem was hovering around the 35 cent mark with a few spikes and dips either side.
Across the six months looked pretty healthy:
These numbers meant that from mid-May to the end of November there were:
- 255 more dolphins in the 5k - 50k range,
- 11 new orcas in the 50-100k range, and
- 25 more in the 100k+ range.
Which is pretty good, all things considered.
The month of December 2017 is when a lot of people are celebrating their one year anniversaries on Steem because crypto markets went insane and everyone wanted a piece of the action and Steem offered them a chance without having to even buy in. This is what I consider is going to be a competitive advantage for Steem in the future too except they will be arriving because the global economy crashes and need any form of income possible.
So, this is what the Steem Power looked like last year (yesterday) in December 2018.
This is pretty interesting if looking at the same 3 changes we did above of dolphins, orcas and 100k+:
- 52 more dolphins in the 5k - 50k range,
- 11 new orcas in the 50-100k range, and
- 7 more in the 100k+ range.
With the number increased averaged out, there are about 20% more new dolphins in December, at 11, there are the same number of new orcas in the water through December than there was in the six months leading up to it and 22% of the new orcas made in the last 7 months were made in December alone. There are also 152 accounts more in the 100 - 5000 range.
These numbers show that there has been a significant number of medium to large buyers who powered it up into their accounts in December and when the time comes, they are going to have a great deal of influence over the ecosystem and distribution of the reward pool.
It also indicates that there is a fattening of the middle-class areas of Steem which indicates that there is a a development of the core users/ holders here that are going to be the ones that stabilize and protect the base of the blockchain. The stronger this core becomes, the more attractive the blockchain becomes to investors and, the more diverse the application and user range can be supported.
While 2018 saw a consolidation of 'human resources' due to the price, 2019 is set to be an expansion year where a few fundamental industry changes will likely take place, new investment money will come into the scene, new exchanges and on Steem, a whole lot of new applications and initiatives will develop. How soon will price follow the growth? Who knows, it is just a matter of time to find out though so, be patient.
Taraz
[ a Steem original ]
Thank you @abh12345 for providing these numbers once again.
I think two additional perspectives is that this growth is coming mostly from buying into the protocol which demonstrates a healthy demand at these levels. Also, I continue to see that plenty of these users getting into Dolphin status are very community driven which will improve the distribution of rewards with their actions over time. This has me very excited to where the community could take this in 2019 as price stabilizes and development focuses.
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Nice points mate i feel the same.
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Both of those points are very important to note and as I see it, these will be attractive factors for investors.
I became orca in December, I think.
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Did you feel your body morph ? ;)
Yes. Now I eat whales for breakfast...
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Orca level is 10 000-100 000 Steem Power range?
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Orca have 50000-499999 SP. We'll see even more orcas if the price of Steem descends lower.
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I hope you are right mate, my goal is to teach Dolphin level soon :)
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I see this as really positive. Knowing that there are accounts investing and powering up is confidence building.
I agree. We could all be wrong of course but this is still far from mainstream culture so, it is less likely ;)
How many are of orcas distributing their wealth onto multiple accounts in order to get more votes across a wider number of accounts, as opposed to actual new investment??
P.s. self voting to move up in viewership
There are some that have done this but I don't think they are new ones. There are also accounts like FTG's fulltimebots but they have been running for ages already.
It seems like berniesanders has been doing this a lot (not to say that it's a bad thing- it just skews the results). Without tracking these statistics at the user-level for the largest accounts, it's difficult to make assessments on whether this is truly growth or simply diversification due to the new resource credit functionality and smaller active user base.
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Thanks for the stats @tarazkp I recently passed the 1k mark, am almost at the 2k mark and hope to be a dolphin one day. Maybe you should include a few more bands in your stats, such as one with say 1 sp (above the grant) to eliminate unactive accounts. Also the 100-500 and 1000-5000 bands are much more difficult to breach than the others.
The middleclass is the most interesting demographic that speaks about the long term success of Steem. I'd look forward to a post breaking down it's statistics further. People with over 100sp begin to have a meaningful stake and people with over 1000sp would be considered investors and can have some influence.
if you ask @abh12345 he can do it more precisely. I can include it for the next perhaps but I did it this way for consistency sake.
Yep, and the platform expands, those with 1000 are going to seem very rare and powerful.
Reading this actually gives me a fair bit of confidence in my decision to keep powering up. I've been here less than 12 months, and have been able to grow to over 200SP without adding fiat (unless you count the fact I purchased some Steem Monsters packs and sold a few of the cards on the market and powered that up).
As far as I can tell, this is a wise process that many should leverage.
2019 will be the year of the upcoming dolphins! 🙌🏼
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I am hoping I can swing into an orca :D
fantastic report with really good news. Have resteemed. thank you
THank you very much. I think it gives a decent view of what is going on without too much detail. Thank you for the RS :*
I wish we could get a solid answer to what's happening re Steemit Inc. I love the price for buying right now but I just read about the small coins that went under last month and the uncertainty is unnerving. I think 2019 will be a good year for crypto, and most good times for crypto have been good times for Steem in the past.
I don't see Steem going under and to me, it doesn't matter too much what Stinc do, it is more out of interet to know what they might be up to. If crypto climbs, so will Steem.
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