Red market time just finished. Now we can experience Green market of crypto currencies again. Within three days of time most of top 50 crypto currency market prices were dropped by 20% - 40%. Yes it's a huge failure but this is the nature of this high fluctuation market place. With a proper idea of this market place, you can be a millionaire or a billionaire in short time period.

Let's focus on STEEM related update of the day. According to the @exyle's latest update STEEM now rated at Weiss Rating in category B+. With their previous Rating STEEM categorized as B- crypto currency rating. Only ETH and EOS were at the top of the rating. But now STEEM joined the top category and took the lead as well. According to my viewpoint this is a great news. The world is understanding the power of this amazing blockchain and with SMT, STEEM will take the huge lead in next few months of time.

The industry got a hot topic as STEEM DOLLAR about to peg to $1. I don't think they will not implement Hard Peg on SBD. But if we are willing to peg SBD for $1, we should understand that the current market supply of SBD is really lower. Therefore, if peg happens it will not make a stability on that currency. Demand and supply are the major concerns in Crypto market place. As an active blogger of this amazing platform, I believe there will be no peg happens soon. But STEEM Whitepaper clearly defined SBD pegged to $1. Therefore, I can understand SBD price drop can be happened. Time is the only matter on this Peg. Anyway, I wish to see slowly but steadily growth of STEEM and every day we can see a lot of people are joining this amazing platform as well. According to my viewpoint STEEM will make two figures market price in next few weeks of time. Moreover, we all must understand STEEM blockchain is not only for STEEMIT social media. This is a business blockchain and with SMT you can see a huge growth on this amazing platform as well. Until STEEM reach Two figure value of its' market price I would like to keep this article topic as March to 10 in next couple of weeks time.

Original Image Source

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Graphene Blockchain Technology early adopted STEEM blockchain is one of the fastest blockchain in the current world. Let's check the daily statistics of the STEEM blockchain now.

Current Reward Pool Statistics of STEEM

Head Block Number: 19,516,227
Current Inflation Rate: 8.99814032
Current Virtual Supply: 265,260,953.286 STEEM
Every Block Produce: 1.702950399 STEEM
DAILY STEEM ADD TO THE REWARD POOL: 49,044.97148804

^{I wish no one will drain the reward pool too much. This daily reward pool is for all of us. Not only for few big players of the platform.}

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Current STEEM and SBD Market Analysis

STEEM Market Price: $4.21
Market Capital: 1,044,321,497 USD
Circulating Supply: 248,286,187
Market Capital Wise Rank: 26

STEEM Market Price: $3.73
Market Capital: 29,816,150 USD
Circulating Supply: 7,992,920
Market Capital Wise Rank: 288

^{Sources: Steem, Steem Dollar}

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Top Power Up Statistics in Last 7 Days

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Top Power Down Statistics in Last 7 Days

Liquid STEEM: 67,927,371
Current Supply: 263,550,985 STEEM
Pending Power Downs (Total powering down in the next week): 6,665,963 STEEM
Completed Power Downs (Total powered down in the last week): 5,939,206 STEEM
Difference (% Change): 12.24%

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What Alexa Traffic Statistics Says

STEEMIT made it's entry to top 1,150 in Alexa Traffic Rankings. I wish it will reach top 1,000 Alexa Traffic Rankings soon.

Source
Audience Geography

Country	Percent of Visitors	Rank in Country
United States	34.1%	567
South Korea	11.2%	168
United Kingdom	5.3%	508
Germany	4.2%	864
Japan	3.2%	2,194

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What Blocktivity Says Today

Here what I have found today from BLOCKTIVITY. As I told you before, Graphene Technology powered STEEM has proven that it has the capacity to do more scalability than Ethereum and BitCoin networks.

STEEM: 1,870,511 Transaction & Consumed 0.15% Network Capacity
BITSHARES: 928,445 Transaction & Consumed 0.08% Network Capacity
ETHEREUM: 888,046 Transaction & Consumed 51.39% Network Capacity
BITCOIN: 236,307 Transaction & Consumed 100% Network Capacity
LITECOIN: 58,640 Transaction & Consumed 2.42% Network Capacity

Source

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What Are The Most Active Blockchains?

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Marketcap of Most Active Blockchains

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Crypto Currency Market Capital Changes of Last Couple of Months Time

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The Speed of STEEM Blockchain by Animations

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Main Events of STEEM Blockchain in 2018

STEEM got two big news in 2018.

• STEEM Media Token (SMT) - A new way for publishers to monetize their online content and community, based on battle-tested blockchain technology. You can read more here
• HardFork 0.20.0 (HF20) - You can read about Hardfork 0.20.0 "Velocity" here

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Time to few questions

• Do you have any opinion to improve the efficient of this article? If yes, please write in point form.
• What do you think about STEEM Reward Pool? Do we need to utilize it effectively?
• Where STEEM will go next? Or it will remain at current market price?
• What do you think about Smart Media Token? Do you think it will bring STEEM to the Moon?

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References

Smart Media Token - Source
Graphene Blockchain Technology - Source
Alexa Ranking - Source
Blocktivity - Source

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Special thanks for @rebeccaryan, for her nice suggestions to improve the quality of the report.

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Enjoy!

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