You may have noticed lately that the steem price is quite a bit away from its all time high. However the steemit growth is still ongoing; particularly the daily visitor number are only going up every day. And I mean every day! I have yet to see a decline in this metric.
I believe this is due to the fact that google keeps noticing steemit and keeps sending viewers over. While it takes a while for viewers to become users and then investors which would actually have an impact on the price, having many people read steem content is the most basic and most important metric that represents the value creation process of this ecosystem.
As such I am very bullish on steem. I can see how steem may be one of the more stable and safer bets when crypto will be crashing.
I gave a talk in July about the value of bitcoin and blockchains and used steem as an example of how it does things differently compared to facebook and generated a lot more value in the process. Here I compared it to google showing how googles market cap is just slightly above the advertising value of www.google.com. Steem on the other hand is about 100x as valuable as its advertising income should be.
Back then the daily visitos were 120k. Now we have 170k.
The price today however is cheaper.
Hence I think steem is a bargain today and could be one of the more stable prices in the next upcoming crash. Steem has a working business model and users that gain value every day from it. Few blockchains can boast of such accomplishments.
I am excited to see what the future brings
BTW here is the video of my talk. Let me know what you think of it:
Thank you for upvoting and for your attention!