Assumptions
To understand the proof, we have to first agree on the three assumptions I make. These assumptions are hardly assumptions and more of a commonly accepted FACT. These are:
Value of a crypto currency has direct correlation to the number of people using it.
Worlds top most populous country with relatively unrestricted internet access is India.
Any social media platform will realize its true potential only when India is on board.
I will further prove these assumptions so that any doubt lingering in your mind can be put to rest once and for all.
Lets Begin
The events of last month when bitcoin touched $5000 has brought Indians into the crypto-sphere. This is not an idle statement and can be easily corroborated by google trends chart for search terms "Bitcoin" and "Cryptocurrency":
Curious case of Quora
Steemit as an innovative Social Media Platform that Actually Pays the users to post and curate content will be quite popular in India where incomes are low and educated people who can potentially contribute to this platform are many. The event bears stark resemblance to advent of Social Sharing Platform Quora in India which boosted the overall popularity of Quora.
You can see yourself how Indian interest in Quora reflects in its worldwide interest in the charts below. In fact, there are more Indians on Quora than USA where Quora is based.
Increasing popularity of Steemit.com in India
And at last I bring to you the proof of increasing popularity of Steemit.com in India. Google trends corroborate my argument as shown below:
Data obtained from Semrush.com
Semrush, a website which provides traffic data, shows how steemit.com is getting more popularity in India:
Advent of Steemit in India is usually accompanied by overall interest from rest of erstwhile british colonies in Asia that includes pakistan and bangladesh. I cannot over emphasize the fact that these are extremely populous countries and will lead to sky rocketing of Steemit.com and its base currency Steem.
And at last just to make you believe my previous argument, I have bought paid subscription of Semrush to get you additional data. Here, take a look:
Epilogue
I have established steemit.com has just arrived in India and established correlation with worldwide data. I have also presented the case study of Quora.com to predict future trend of price of Steem and popularity steemit.com.
Cheers. To the mooooon.
great work, thanks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by thorough_research from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@originalworks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The @OriginalWorks bot has determined this post by @shreyasgune to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit