Blockchain Breakdown: Ethereum and Bitcoin's capacity are both maxed out! ⚠️

in blockchainbreakdown •  7 years ago  (edited)

Screen Shot 2018-04-25 at 4.13.30 PM.png

According to blocktivity.info STEEM has lost a little bit more of the global blockchain activity since April 13th.

We also see that Bitcoin and other altcoins have stayed relatively the same, and Bitshares has also lost some activity, but if we look at Ethereum it has went from 18.9% to 22.6% dominance.

Also if we take a look at Bitcon & Ethereum's CUI (capacity utilization index) we see that it is still maxed out! ⚠️

Screen Shot 2018-04-25 at 4.13.13 PM copy.png

However, STEEM and Bitshares both have little to no congestion..

Screen Shot 2018-04-25 at 4.13.13 PM.png

Now if we take a look at the overall market cap of these blockchains..

Screen Shot 2018-04-25 at 4.13.40 PM.png

Still the 2 best performing blockchains (STEEM & Bitshares) do not even equal 1% combined!

Conclusion

So as always STEEM is still handling almost half of all blockchain transactions in the world, and now that STEEM has been added to huobi.. I can only be excited to see what happens next for STEEM!


STEEM GIF Source: @overkillcoin

Let me know what you think, and thanks for checking this out!

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Disclaimer: I am not an Investment Adviser, and this is not investment advice. This is for entertainment purposes only!

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Hi stealthtrader,

Now that Huobi exchange has Steem on it's exchange, what type of future price increase would you figure we may see within 3 months and 6 months?

I mean 2 summers ago STEEM went this high and then crashed to .10 cents so anything could happen, but I think everyone is hoping for $100 STEEM sometime in 2018.

$100 STEEM, Really, possible?

Be great....I wish I could see the future....but still Steem looks promising.

Possible.. Not sure, but even if STEEM had half of Ethereum's market cap it would be over $100.