Do you see this trend continuing past the 140 day mark? Once all the "free steems" from steemit start hitting the market there is going to be a flood. The only way to keep the price up will be if we can on-board enough people to make sure that as all of those are hitting the market, there are enough new users to be able to take them on.
RE: Why Steem price is rocketing but volume is low
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Why Steem price is rocketing but volume is low
Free steems that Steemit is giving away are in the form of Steem Power. So it will take a long time if users want to convert them fully back to steems and sell. It will be a slow flow instead of a flood.
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Accounts created using steem also have to increase their SP by 10X to be able to withdraw, so they basically have to earn withdraws with good posts.
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