The Correlation Between Website Traffic and Steem Value

politicasan2 (47)in #steemit • 8 years ago (edited)

Good day Steemian!

Congraltulation for #steemit, a new blockchain social network. Right after steemit launch #steem , digital currency behind the steemit is soars 1,000% in value in two weeks and ranked 3 on coinmarketcap, its mean steem is just behind #ethereum and #bitcoin. I've been really wonder whats make steem value increase thats high, whether the increasing value of steem has something to do with the increasing number of members, posts and traffic on steemit?, lets us see on some picture below :

Steem value chart on coinmarketcap

Steemit traffic chart on googletrend

As we can see from April until mid july steem value does not make any signnificant movement, and suddenly its value spike 1000% in value after steemit launch. Steem is different compared with the other #cryptocurrency or #digitalcurrency because we can get steem on by doing voting and posting on social media called steemit.

Whats make Steemit Different With Other Social Media

A social media with huge member and content can generate billion dolar of money but only for their #stackholder. On Steemit member can be a stackholder by convert their #steemdolar to steem power or buying steem power from their own pocket. As member and stackeholder they will help each other to developed and make steemit more popular. The increasingly popularity of steemit will increase its traffic, steem value and also attract more investor.

Member Is The King

most reffering site for steemit chart data from simmilarweb.com

Unlike another social media Steemit member can help steemit dev to increase its website feature, as we can see some member forexample :

www.steemimg.com -A Steemit dedicated image hosting
www.steemitchat.com - A Steemit dedicated chatting hosting
www. SteemStream.com - A Realtime Visualisation of All Activity on Steemit
www.Steemdollar.com - A Steem Dollar, Steem and Vest Ticker & Conversion
www.SteemWhales.com - A rankings website for Steemians
www.SteemPrices.com - All Prices on One Site
www.Steemd.com - Steemit block explorer
www.Steemitx - Steemit filter Steemstream feed by certain users
www.Steem.ly - steemit URL Shortener

I am sure in the future, there will be more awesome website with great feature to support steemit. Those website will be usable to help reffering more steemit traffic and member .

Currently most reffering site from steemit is bitcointalk, and most destinitation is facebook. When steemit getting bigger maybe steemit will become the most destination website.
#steem #steemit #socialmedia #traffic