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RE: Daily Steem Stats Report - Brace yourself... New records are coming!

in #steemit7 years ago

As always, great report!

I do think there is massive amount momentum for Steem and Steemit. One caution I would add regarding the current Steem evaluation is in relationship to the launch of SMT tokens and the ecosystems that will be enabled by that.

I think a lot of this price run up is in anticipation of that and we may be looking at an evaluation that does not properly reflect their effect on the valued price of the traceable tokens. Obviously, this is completely speculative but I'm always a little skeptical of runway gains that don't seem to correlate with a lot of significantly legitimate data.

Yes, I am happy my account is evaluated higher than ever but I'm not sure it's a very grounded number because we haven't really begun to understand how SMT-derivative communities will drive demand yet. Definitely excited but apprehensive to assume the prices we're seeing steem climb to aren't more hype than substance.

I am personally expecting Steem to stay strong but I think it will also experience more intense volatility in the time before the capital influx for SMT and the token demand of those applications takes hold.

Thanks again!