Steemit traffic going wild everywhere... now that STEEM is back into the top 10 CryptoCurrency Market Capitalizations
Over the week end it was Asia that was seeing viral growth, now it's almost everywhere...
We are testing record levels...
Got to love the correlation between action on the markets and increased levels of interest and activity on Steemit.
It seems word gets around quickly that the prices are rising and so are payouts.
The Americas and Europe are both flirting with record levels of traffic while Asia continues to surge ahead.
Very cool to see activity picking up!
On the markets, I expect some of the other alt coins might pull back from their "exuberance" but I feel hopeful Steem will have the advantage because we actually have something of an actual economy (the social platform, and associated apps) to give reason for Steem's (the currency) existence... other coins don't have that, when "cooler heads" start analyzing...
The best thing is price is stabilising at 0.8-0.9$ .
Exactly :)
Amen!
I am curious what all this spike is really due to... If you sit and watch the exchanges you can tell that much of this is hard manipulation. I am not discrediting steem at all, it's just that there has been many coins in the last 8 weeks that have skyrocketed with no apparent reason. Did ripple skyrocket because BTC skyrocketed? Or did BTC skyrocket because people investing in ripple are forced to buy BTC to get the ripple? I use ripple as an example simply because it raced to #2 in market cap and had quadrupled its market cap in less than 8 days. Of course it's in the interest of coin bag holders to pump a coin at the same time that BTC rises, it's like multiplying your gains.
There is no doubt that the altcoin bubble is playing a big part. On the other hand, user activity growth has been happening ever since the whale-vote experiment started to have an impact. In general increases in user activity have been preceding price increases.
Agreed, organic usage has been growing but this is being significantly helped buy rising market interest.
Crypto currencies are self fulfilling prophecies. Wave after wave of price spikes leads to more and more adoption longterm. Eventually many will become mainstream as the network effects kick in harder and harder. Steem is not going anywhere since the more users the more demand for its native token. We have core group that is as loyal as those early Bitcoiners. I got discourage investing here last year as I saw my gains evaporate but even before this recent price increase there was many signs of organic adoption growth. I only regret now divesting a 1/3 of my position at .20 cents!
Do you have to use bitcoin to buy Steem?
Didn't you post this yesterday too?
Can you read? or are you just blinded by hate?
Very promising indeed, nice charts :)
We hope so, the promise that is...
I'm just trying to stay calm and focus on business as usual. So exciting!!
yup, its like back to the good old days in July last year.
Yes.. we should be focused on our content. Thanks for the reminder.
The future of social media! I have no doubt in my mind that this is going to keep climbing. SO MUCH untapped demand. The potential is huge!
Hope it lasts! Sent people in your direction in my last post!
Great information and bright days going forward!
We gonna have to wear shades
yes
Really hope it reaches new alltime highs, I managed to get quite a few friends to invest allthough they dont seem post.or upvote they all bought quite cheap
Excellent, investors are just as welcome as more users