Correlation between the daily number of posts and Steem's price

in steemit •  8 years ago 

Welcome to my Steem Stats Report for Friday, June 16, 2017. All data is coming directly from the Steem blockchain and is based on UTC time.

I've added the price of Steem to the chart of the daily number of posts below. The price correlated very well with the number of posts until a few days ago. The number of posts skyrocketed to nearly 100,000 while the price of Steem went down a bit. Possibly because Bitcoin lost over 10% of its value yesterday (Steem is being traded in BTC). Is Steem undervalued right now?

1. Daily number of Posts (including comments)

DatePosts
2017-06-1590,104
2017-06-1495,484
2017-06-1384,150
2017-06-1268,641
2017-06-1163,715
2017-06-1060,347
2017-06-0964,690

2. Daily number of votes

DateVotes
2017-06-15264,273
2017-06-14273,857
2017-06-13266,032
2017-06-12223,469
2017-06-11214,550
2017-06-10206,109
2017-06-09222,209

3. Posts + Comments per post

DateAverage # comments
2017-06-153.81
2017-06-143.61
2017-06-133.46
2017-06-123.72
2017-06-113.88
2017-06-103.87
2017-06-093.96

4. New accounts created

DateNew Accounts
2017-06-152,063
2017-06-144,203
2017-06-135,511
2017-06-122,755
2017-06-11164
2017-06-10189
2017-06-09272

5. Daily Amount of SBD converted to Steem

DateAmount in SBD
2017-06-151,681.286 SBD
2017-06-14956.311 SBD
2017-06-132,314.543 SBD
2017-06-121,910.977 SBD
2017-06-111,345.621 SBD
2017-06-101,233.706 SBD
2017-06-091,056.278 SBD

6. Daily Amount of Steem Powered UP

DateSteem
2017-06-1582,011.845 STEEM
2017-06-14554,016.577 STEEM
2017-06-1389,059.629 STEEM
2017-06-12812,179.882 STEEM
2017-06-11322,114.331 STEEM
2017-06-10246,307.392 STEEM
2017-06-09236,947.277 STEEM

7. Daily Steem & SBD Transfers

DateSteemSBD
2017-06-15522,150.202 STEEM73,088.989 SBD
2017-06-14784,509.291 STEEM78,439.372 SBD
2017-06-13827,327.005 STEEM68,849.336 SBD
2017-06-12755,609.840 STEEM55,479.312 SBD
2017-06-11933,784.631 STEEM55,452.409 SBD
2017-06-102,064,812.104 STEEM71,576.139 SBD
2017-06-091,081,706.258 STEEM78,090.748 SBD

8. Steem Price Update


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8 years ago by

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    • [-]
      ·  8 years ago 

    It was very informative, glad you take some time and put these graphs together. Keep us up to date, please.

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    2 votes
    [-]
      ·  8 years ago 

    very useful post

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    [-]
      ·  8 years ago 

    Let's hope the price catches up to correlate with the amount of posts again! ;) Thanks for sharing these stats with us!

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    [-]
      ·  8 years ago 

    This post received a 5% upvote from @randowhale thanks to @penguinpablo! For more information, click here!

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    [-]
      ·  8 years ago 

    Great analysis. It's comforting to see since as I bought a bunch of more Steem yesterday thinking that it is undervalued and being dragged down with the rest of the crypto market.
    Steem on!!

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    [-]
      ·  8 years ago 

    Love all the stats my man!

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    [-]
      ·  8 years ago (edited)

    I cannot see any independent price discovery for steem yet, maybe after fork 19 the correlation of posts(value)/replies/new steemers will be clearer, thanks for posting.

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    [-]
      ·  8 years ago 

    Perfect, Thank you for the statistics! We are still growing...

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    [-]
      ·  8 years ago 

    This is awesome :) Thanks for the post!

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    [-]
      ·  8 years ago 

    Awesome! Glad I joined early-ish ;) good post, followed and upvoted!

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    [-]
      ·  8 years ago 

    Perhaps you should take the steem price in bitcoin instead of USD. The correlation might be better.

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    [-]
      ·  8 years ago 

    thanks, it is about us to be active and steem will go skyrocket!

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    [-]
      ·  8 years ago 

    Slowly but steady we are growing and growing.. Im certain that at one point things will escalate rapidly to the moon foe steem.. As it requires no investment to be part of the magic.
    Great post and much love
    -goldie

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    [-]
      ·  8 years ago 

    Good news @penguinpablo!

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      1 vote
      [-]
        ·  8 years ago 

      great analysis. Seems to be quite a close correlation between price of Steem and the number of posts.

      Would love to see more posts from you. Following you. Please feel free to follow me and see my posts today if you like interesting wildlife pictures with a story like this one https://steemit.com/wildlife/@vm2904/riding-high-free-ride-with-a-meal-of-ticks, https://steemit.com/bwphotocontest/@vm2904/bwphotocontest-nature-s-artwork-of-symmetry-the-passionflower and https://steemit.com/photography/@vm2904/attitude-the-meek-shall-rule-the-earth
      Also travel blogs like this one https://steemit.com/travel/@vm2904/my-visit-to-sarnath-a-buddhist-monastery-a-calming-experience-part-1#@team101/re-vm2904-my-visit-to-sarnath-a-buddhist-monastery-a-calming-experience-part-1-2017616t21024564z
      Please provide your comments, upvote and resteem if you like any of my blogs

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          ·  8 years ago 

        Nice spam

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          [-]
            ·  8 years ago 

          Great post. Thank you.

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            [-]
              ·  8 years ago 

            I like what I'm seeing 🙌🏼🙌🏼

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              [-]
                ·  8 years ago 

              VERY HELPFUL, THANK YOU

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                [-]
                  ·  8 years ago 

                Interesting correlation.

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                  [-]
                    ·  8 years ago 

                  Thanks for keeping us informed. Drink more coffee if you need too.. this is a lot of stats. :) great job!

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                    [-]
                      ·  8 years ago 

                    Thanks for the info pretty interesting!

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                      [-]
                        ·  8 years ago 

                      Really informative and well explained
                      thank you very much for your efforts

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