March to 10 - STEEM Daily Update - TGA Analysis (25-01-2018)

in marchto10 •  7 years ago  (edited)
STEEM got an awesome day. STEEM price rise from $4.00 to $6.00 and still at a BULL Trend. Moreover, STEEM market capital rise by 546,399,216 USD in a single night as well. For me this is huge. I think it happened just after the crypto currency ranking released by WEISS CRYPTO CURRENCY RATING. According to them STEEM is one of the Top Five Ranked crypto currency. Anyway this is just a beginning, now the world is recognized STEEM as a safe place to invest and it's a positive mark for this amazing blockchain. Moreover, this report also revealed our prediction about EOS, BTS also correct as well. EOS and STEEM will be the best alternatives to ETH and specially with SMT we can see a lot of new applications and token projects will build top of the STEEM blockchain. Therefore, this is just a beginning of a long journey. As a result of that, I am telling you HODL is the only option in this moment.
STEEM changed my life style and it gives financial backup to myself as well. Therefore, I want to see this amazing blockchain at the top of the market capital list. But , I wish to see Step by Step, slowly but steadily price up of STEEM. Therefore, until STEEM reach to $10 margin, I wish to keep this motto STEEM March to 10 and I will use marchto10 as a tag also.

Original Image Source

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: 19,286,000
Current Inflation Rate: 9.00856
Current Virtual Supply: 264,786,720.444 STEEM
Every Block Produce: 1.701874328 STEEM
DAILY STEEM ADD TO THE REWARD POOL: 49,013.98065

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.

Current STEEM and SBD Market Analysis


STEEM Market Price: $6.60
Market Capital: 1,636,073,409 USD
Circulating Supply: 247,811,812
Market Capital Wise Rank: 24

STEEM DOLLAR Market Price: $7.27
Market Capital: 51,141,240 USD
Circulating Supply: 7,033,620
Market Capital Wise Rank: 260

Sources: Steem, Steem Dollar

Top Power Up Statistics in Last 24 Hours



Source

Top Power Down Statistics in Last 7 Days


Liquid STEEM: 70,653,480
Current Supply: 263,167,828 STEEM
Pending Power Downs (Total powering down in the next week): 6,649,515 STEEM
Completed Power Downs (Total powered down in the last week): 6,782,592 STEEM
Difference (% Change): -1.96%


Source

What Alexa Traffic Statistics Says


STEEMIT made it's entry to top 1,300 in Alexa Traffic Rankings. I wish it will reach top 1,000 Alexa Traffic Rankings soon.

Source

Audience Geography
CountryPercent of VisitorsRank in Country
United States36.5%523
South Korea11.1%168
United Kingdom5.0%572
Germany3.7%993
India2.9%1,883

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. As a result of that STEEM made a new Blockchain transaction record few days back and claimed #1 in the blockchain transaction of today as well. Most important thing is STEEM consumed 0.13% Network Capacity to process 1,584,903 Transactions, but Ethereum has used 52.52% Network Capacity to process 907,611 Transactions as well. BTS is holding the 3rd position of the blockchain transactions today by consuming 0.06% Network Capacity to process 714,107 Transactions so far. Golos also joined top 5 today as well.


Source

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.

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?

References

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

Enjoy!

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Due to all the key components that you have listed along with the fact that Steemit offers free entry to participate and free transactions I have always wondered why the price of a steem token isn't higher than it already is. I think it bodes well that the token value has managed to hold above $5 USD...even during the exchange price reconciliation.

@rebeccaryan,
Absolutely correct! I can't even believe this price of STEEM! BTC and it's related POW is outdated and here we can see the advanced blockchain technology. User base and all other stuffs are match to see a huge price up! I think it will rise up in soon! Specially with the announcement of SMT! Thank you very much for your great support towards me! Really appreciate it! Do I need to add anything more? If you got suggestions please let me know!

Cheers~

Yes, there is one more metric that is worth tracking (I think) and that's BTC dominance. When I started to watch it, it was up in the 60% arena. Now it's at 34.4%. As BTC continues to lose dominance we will see other coins like Steem, Bitshares and EOS climb in dominance. We all need to get use to comparing a coin's dominance against bitcoin as a measurement of mass support. ;) (These are things that keep me up at night. @theguruasia. LOL!)

@rebeccaryan,
Wow that would be a great suggestion! I am really appreciate it! I will try to add it to this report as well. Thank you very much becca! Wish you a good night!

Cheers~

I wish you a good night too...@theguruasia!
I think you did a great job on your post. ;)

@rebeccaryan,
Thank you Becca! Really appreciate your great inspirational words also!

Cheers~

good times are back :)

Thank you for the nice analysis
-cheers-

@theguruasia - Sir March to 10 is a good concept... Nice you decided to share these details Sir...

+W+

Good post, hopefully your work is useful for everyone

Wao so nice keep it up

nice post