As Steem dips to $1.16, its lowest in 7 months, one wonders if it was because of the overall bearish trend, or the performance of Steem itself that was responsible. So, I looked at a few performance indicators:

1. New Steemit Accounts: 2,450/Day

For the last week of July 2018, a total of 17,149 new accounts were created. That’s 2,450/day.
Source

2. Blockchain Activity: 5.84 times BTC and 1.78 times ETH

Source

3. Activity Valuation Index: 2,325

Source

Source

Conclusion:

Steemit is still growing at an impressive rate of 2,450 new accounts / day. In terms of its blockchain activity matrix, Steem remains way ahead of Bitcoin & Ethereum. The low price of Steem is an excellent opportunity for investors to get on board.

Prosperist Pledge:

If you wish to pledge support to the Prosperism movement, the terms remain the same as previous posts, with the following pledge:

“I pledge to share my SBD+Steem reward from this post with @prosperist to earn Xteem tokens @ 1 Xteem token / $0.01”.

Thank you for your continued support.

Cheers :)