Both Steem and Tron remain in the top ten of most active blockchains. Tron (TRX) is currently ranked number five and Steem is ranked number six. EOS remains in the number one spot. Bitcoin is now ranked number 9.
You can see the market caps of the most active blockchains in the graph shown below.
Both Steem and Tron remain in the top ten of the most active blockchains. This report is a weekly compilation of the average number of transactions over a 24 hour period.
EOS is ranked number one. Steem is ranked number 7 in blockchain activity. Tron is ranked number 5.
Bitcoin remains in the number 10 position.
Google Trends For Steem and Tron
While the future path of Steemit remains somewhat uncertain, some facts are undeniable. The graph above shows Google Trends according to keyword during the past 90 days. This particular graph depicts the trends worldwide.
I entered the following keywords Steem, Tron, Steemit, and Justin Sun. As you can see both Steem and Steemit are almost flatlined. Tron, however is trending much higher. One could argue that Steemit is an active community and people do not need to Google it, but if growth is our goal we want to see Google Trends trending higher. I know many details need to be discussed, but I think we can all agree that Steemit and Steem will receive increased attention during the next few months due to the acquisition of Steemit by Justin Sun.
I hope this increased attention will include the many Steem projects such as Steemhunt, 3Speak, Steempress, Dtube, Splinterlands, Appics, Esteem, Busy and the communities that Steemit has spent years in developing. I also think it is a plus that many of the Tron dapps are gambling and gaming dapps much different from many of the Steemit projects. Steemit has many positives and now we have the spotlight to show the world. I’m sure I’ve left out many Steem projects. Please share your favorites in the comments.
The price of Steem jumped over 25% reaching a price of 29 cents. Steem Dollars also enjoyed a price increase of over 10% reaching a price of $1.08.
While it may be easy to dismiss this price increase as a simple Bull market following the price increase of Bitcoin, the price of Steem is actually increasing at a much faster pace than many of the top marketcap coins.
Are we just beginning to see the valuation of the potential of Smart Media Tokens?
Steem Price Jumps 13%
Steem price jumped over 13% during the past 24 hours. The price of Steem rose to over 22 cents. The market overall enjoyed a bullish streak. EOS was up over 8%. Bitcoin broke the $10,000 barrier with a rise of over 4%. Cardano is also up over 4%. BAT which is used in the Brave Browser enjoyed an increase of over 14% reaching a price of over 29 cents.
One of the biggest problems with attracting new users to cryptocurrency is demonstrating the “use factor” for the cryptocurrency. Everyone knows you can invest in any coin and hope for it to increase in value, but Steem holds an advantage in that the “use factor” is quite evident.
Steempress is a WordPress plugin that allows any blogger to monetize their site using the Steem blockchain. The plugin is brilliant in that it simplifies the entire blockchain experience. Every blogger using WordPress is familiar with the plugin system so that it one less thing to be explained. Every blogger is also struggling for an audience and monetization. The combination of Steempress and the Steem Blockchain provides both.
Steempress has also made some improvements to the plugin concerning SEO or search engine optimization. The plugin includes a delay posting feature which allows you to post on your site and set a delay for the post to be made on Steemit.
The WordPress community has millions of users. Attracting a small portion of those users to the Steempress plugin could be a natural advertisement for both Steemit and Steem. As the value of Steem increases, Steempress will become all the more valuable to bloggers.
I will be Tweeting about Steempress on Twitter in the hopes of reaching more WordPress bloggers.
The price of Steem rose to over 20 cents during the last 24 hours. While I’m sure the rise in the price of Bitcoin has some effect on altcoins, I think we are seeing many return to Steem with the anticipation of the release of Smart Media Tokens.
We have also seen some details of the EOS “Voice” project which seems to indicate that Voice will not be a direct competitor of Steemit. I think this is a positive for both Steem and EOS.
This list of some of the top Steem decentralized apps or dapps is a testament to the diversity of the Steem blockchain. Many Steemians only use Steemit and are not aware of the many dapps which offer endless potential and opportunities for Steem investors.
As Smart Media Tokens come into play, we will be looking at a complete ecosystem of Steem based projects. Imagine hundreds or even thousands of projects that have one thing in common. They all require Steem. Not only might we see the price of Steem increase, but the many opportunities to earn Steem may result in multiple opportunities to earn income by playing games, providing content and other simple tasks.
I think we are only just beginning to see the potential of Steem.
How nice it is to study the charts on TradingView.com and to see the buy sign for Steem. After being in bear territory for so long, this was refreshing to see. Here’s a hat tip to @senseisplinter for his awesome chart.
The price of Steem continued to rise with a 6% increase during the past 24 hours. Steem price rose as high as 18 cents before dropping back to the 17 cent range.
Is this a reaction to the up and coming Smart Media Tokens? SMT’s continue testing through the Spring, but expectations remain high among Steemians who have waited for this development for several years.