The Steem price hit a high of $4.55 mid-July while the number of posts per day hit a high of 10.659 posts per day at July, 19. Both highs were almost on the same day. Since then, unfortunately, both the price and the number of posts per day went only downwards.
Yesterday, there were 3.015 new articles submitted. Far below its peak, but still a lot more than the average of 325 posts per day back in June. The same is true for the Steem price which was about $ 0.30 in June and currently trading at $ 0.80.
The correlation is clearly visible in the charts.
Here is my Steem price update for today:
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Excellent. Great comparison. So in this view it is the authors not so much the whales that influence the steem price?
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Clearly, the general mood and morale of steem users, reflected in their post count, which is definitely a metric of engagement, also affects very strongly how much money people put into the platform (and thus cause the price to go up).
The upshot of this is clearly, that the more ways the interface and platform becomes more social and facilitates mutual aid, the better the mood, the more the posts, and the greater the retention of active users. I think @ned and @dantheman both recognise this, that is why they are campaigning to fund development of the platform, more than just the site itself, since by its nature this element of the development is a lot more closed, and has less resources.
It gives me an idea actually, about other ways than the Devs bounties, to facilitate and accelerate development. I am in the difficult situation myself currently where I really just need a very small amount of money in order to be able to have the ability to focus my time more on my development work. Perhaps some kind of crowdfund/mutual aid grouping for developers, more than just the current situation where you have devs on one side, and charity/crowdfunders on the other. The two need to be brought together, and funds can then be diverted towards accelerating this process.
I made this post below about this:
https://steemit.com/steemseeding/@l0k1/organising-steem-crowdfunding-for-accelerating-steem-app-development
I have created a channel on the chat and I hope that this gains traction so we can do something towards developers moving their projects along faster and helping steem engagement increase.
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I would think it's the other way round: The higher the price, the more motivated users are to post.
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At the risk of sounding like a complete moron (A risk I take several times a day, mind you), I think I'm not understanding this report correctly? You are saying that there are a total of 3 new articles posted to the site per day? Or is that 3K? per day? Me confusy.
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It's 3015 new articles in a day.
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i dont think we can compare the stats for the first two weeks after june 4.it was a speculative mini bubble.we should compare the past two weeks with maybe the stats we will collect at last weeks of september
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