Steemit User Base up 55% / Steem up over 700% in LESS THAN A WEEK!!!!! Payout's are on the up
steem·@hisnameisolllie·
0.000 HBDSteemit User Base up 55% / Steem up over 700% in LESS THAN A WEEK!!!!! Payout's are on the up
http://i.imgsafe.org/4c9224524f.jpg What a week for Steem and Steemit. After writing this article (https://steemit.com/steem/@hisnameisolllie/steemit-growth-9-user-growth-in-24hrs) Steemit and Steem have been on the move in a big way... ## 6 days ago: User Base: 4700 Steem/BTC Price: 0.00032btc ## Today User Base: 7300 Steem/BTC Price: 0.0025btc Very impressive growth numbers all round. One thing I would pay less attention to is the price of Steem if you are currently a 'Steem Power holder'. 98% of Steem is currently vesting in Steem Power (https://steemit.com/steem/@hisnameisolllie/98-of-steem-currently-held-in-steem-power-securing-the-longevity-of-steem) meaning the Steem price at the moment is only reflective of a 2% free float in the Steem available. This means that the Steem market will likely be over inflated, and this will persist for a while until significant numbers of users power down. This however will take time as only 1/104th is released back to the holders per week, until it is all released over the 2 year period. Steem's market cap is currently standing over $120m. This has the side affect of increasing payout for content creators and content curators. This is because payouts are a function of market cap, which has risen far quicker than user numbers. Now is the time to up your contribution to this platform and benefit from the higher payout, and thus reap the high rewards..
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