SEC S16-W4 STEEM Ecosystem Resilience.

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This is me @kathy-cute from Philippines and you are here Reading my Blog. I hope you all are enjoying the current season here. It's an honor for me to participate in this beautiful contest. This is my participation in a contest STEEM Ecosystem Resilience..

As other crypto platform, Steem is a decentralized Blockchain, which is free of any external influence. It has it's own governance system which always try it's best to perform well in every situation of the market. STEEM's ecosystem is successful because it offers diverse applications beyond just cryptocurrency. Even if market is even bearish we can see Steem showing resilience, because of it's most famous blogging website, called Steemit.

This is a blogging website, where users create content and their is social networking in it. This diversification helps maintain interest and engagement even during market downturns. It brings new users to this platform, and hence steem is alive in all conditions of the market.

The Steem Blockchain has a very positive and plus point that, it has a too much active community. The STEEM community is because of Steemit website. This community is involved in the platform's governance and development system. They fosters resilience by enabling swift responses to challenges and changes in market conditions.

In past we have seen various modification in Steem governance system according to the current market condition. The greatest source of generating new steem coins in the market is through Steemit platform. We can say it's a type of steem mining. Now we have seen multiple times Steemit is changing with changing market condition. It changes the reward system within in the platform. Currently we have seen the reward is given to the steemians in the form of SBD. It changes with change in time. Sometime it shift to Trx and liquid steem. This is a kind of counter system of Steemit according to market situation.

The analysis of on-chain-metrics, such daily transaction, community participation and token distribution can indicate the overall health and efficiency of the underlying blockchain infrastructure supporting the STEEM ecosystem. Let's talk about these terms one by one here and give a brief insight to it.

• A high volume of daily transactions typically indicates the activeness of the users. It shows their is more engagement within the ecosystem. However Fluctuations in transaction volume signify changes due to various factors, such as user activity, adoption, or interest in the platform. Some days ago we have seen a huge raise in Steem coin price, it almost touched $ 0.4. That day we have seen a huge volume in Steem Currency.

In normal days if it's something 2 Millions that day it surplused 10 millions. Now it's not necessary that price will go high if their is more volume. It depends, if volume is because of buying, it increases the price, in contrast if it's because of selling, it will decrease steem price.

Participation of community is another factor that shows us the health of the the crypto project. An active community indicates, a healthy project it is. As I have said earlier that the activeness of of steem holders is just because of Steemit. It has a huge community of content creators, which show activeness most of the time on the platform.

Another important factor is Token Distribution mechanism. If the distribution of tokens is stable and constant, it shows that project is healthy. Examining the distribution of tokens among users provides insights into the decentralization and fairness of the ecosystem. It maintain the supply and demand balance.

Steem coin has another advantage that tokens are held by a diverse range of users rather than concentrated in a few hands. It avoid a manipulation in the market. If all the assets is in a whale's hands they will control the coin and will dump and pump according to their own interest. Steem is a healthier project in this regard too.

Relative Strength Analysis (RSA) is a famous and valuable tool the investors use it for their Analysis. It is use to gauge the performance of one asset relative to others within a specific market or sector. In short it is use for comparison between two assets. When we apply it on STEEM and other cryptocurrencies, RSA help us identify potential opportunities by comparing STEEM's performance against its peers in varying market conditions.

If STEEM's relative strength is consistently increasing compared to its peers currencies, it indicates growing the investors interest and the Same it gives a positive signal that their is potential in Steem price for further appreciation and gaining value.

On the other hand, if STEEM's relative strength is declining while its peers asset are rising, it could signal us, showing us the weakness and potential lost in steem price. It indicates the price could dump from here.

The peers coins with STEEM is HIVE, EOS, BTC and ETH which are most likely see to behave like Steem. You can see I have shown RSA of these coins with STEEM, we see they are UpTo a great level parallel to each other. BTC and ETH have more great relativeness to steem coin too.

Upgradation will enhance the functionality of the STEEM protocol. It will potentially make it more attractive to the developers and users. If positive upgradation it may improve participants' perception of the STEEM ecosystem, leading to increased confidence in its long-term viability and potential for growth.This will obviously lead to increased adoption and usage of the platform.

Such changes will make Steem platform more competitive in the market. If the changes are quite good and effective we will see steem dominating in it's peers currencies.

However along with that significant upgradation the relative strength could impact the dynamics of Steemit within the cryptocurrency market too. It will leads to increase the attention from new investors and traders. Now steem is an under $1 coin, if their is something big happen, which is fundamentally strong, we can see it's price above $1. According to me STEEM is the best coin under $1 that can give you multiple X profit in upcoming days.

The integrating on-chain analysis with relative strength assessment is very usual thing to thoroughly analyse any platform. We are talking about Steemit, so it can offer investors a comprehensive view of the STEEM ecosystem by combining fundamental blockchain data with market performance metrics. We can say it's the combination of statistic data from the current market performance, along with current fundamentals in the market.

Let's suppose, on-chain analysis of steem is our target to explore. Here we include metrics like daily active addresses, transaction volume, and network activity. Now for example we observe a significant increase in daily active addresses and transaction volume on the STEEM blockchain over the past month. This is a green signal of growing user activity and engagement within the ecosystem. It's a positive fundamental for Steem platform overall.

Now we will compare steem's over performance with it's peers or relevant benchmarks, this is what we called relative strength assessment. For example here we compare the performance of steem with Hive which is a decentralized social media platform and other platform like Facebook or Instagram or Twitter which are centralized, now If STEEM shows stronger performance metrics compared to its peers, such as higher user growth or better token performance, it indicates relative strength within its niche.

This is very important to know, because by doing such an analysis of two pairs in parallel way, you can gain insights into both the underlying fundamentals of the STEEM blockchain and its competitive positioning within the broader market. It helps you greatly of making decisions in any two assets. Here you can analyse steem with it peers projects if you want to know about the current fundamentals of steem.

|My deep heart invitation to my dear friends :@cive40, @jasa107, @nathalidelgado, @emsonic, @elrazi, @safridafatih, @hotspotitaly, @hardphotographer, @beemengine, @tommyl33, @nushrat, @reetuahlawat, @carlaisl.

Regard kathy-cute