### STEEM vs Active Users

@digicrypt requested information about the correlation between active users and the price of STEEM. I produced this chart tonight to demonstrate what I'm seeing:

![STEEM Price vs Active Users.JPG](https://steemitimages.com/DQmdTtuqhg1Ujf6mqS9iawNS51vLAwkoYTgLcSs5DUNDGfh/STEEM%20Price%20vs%20Active%20Users.JPG)

### The Data
Candlesticks: Produced from the open, low, high, and close prices recorded from my daily reports
Volume Bars: The blue vertical bars show the relative volume between trading days
Active Users (last 7 days): The blue line shows the number of active users over the last 7 days. The number peaked at 23,735 before the data set became unavailable
Daily Active Users: The yellow line is the replacement data set. It tends to be lower because it drops everyone has not posted, voted, or commented in the last 24 hours

### Analysis

The correlation between Active Users is not perfect but my assessment is that tracking active user accounts provides a valuable piece of information for the fundamental analysis of Steem blockchain health which will govern long term price patterns. 

##### Disclosure:
The report published above is based on my assessment of the cryptocurrency market. Investors should consider this report as only a single factor in making their investment decision. All investments involve market risk, including possible loss of principal invested. The author is a cryptocurrency investor and while he seeks to provide honest assessments to the best of his ability may have a conflict of interest that could affect the objectivity of this report.

#### Discord Chat:
You can reach me on Discord on my [private server](https://discord.gg/ftUCWtc) or through private message to LeongKhan

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