I realized that if Steem were valued by its actual blockchain activity of 3.5% of all crypto transactions than it could be worth 32 us dollars each with a marketcap of 10.25 BILLION dollars...that is if the market valued steem for the amount of activity it performs. And this 3.5% used to be MUCH larger more like 35 & before that even 70% before EOSIO came out and dominated these stats using a higher capacity version of steems DPOS architecture which was slowly revved up where it is now.
But steem is still a VERY cheap chain to run for the amount of immutable blockchain transactions you get ... it's very efficient and steem accounts now allow you to handle pegged assets of BTC LTC BCH DOGE EOS and eosio tokens like CryptoPeso ANX and new Eosio tokens coming AND ethereum and erc20s as well and Tron trx and all the usual altcoins will be on Steem-engine.com allowing all steem accounts to hold #bitcoin #litecoin #eos ... with only 1% deposit or withdraw fee and no #KYC or ID or even phone number like #Binance requires.
Steem's Steemit dapp ( still #1 on https://stateofthedapps.com can be seen as the more anonymous decentralized version of Block.one's Voice which will require KYC. We can market steem as a gateway into crypto that doesn't require KYC like voice or #facebook project libra.
Anyway in the image is my analysis of Steem cryptocurrency using https://blocktivity.info
Steem can be $32 EACH and a 10.25 billion dollar marketcap if you multiply the total coin marketcap of 292 billion with steems 0.035 or 3.5% of total blockchain activity and factor in an 317 million total supply of steem tokens. But currently Steem is only 0.1% of the total coin marketcap or $127 million dollars in Steem marketcap today as of June 20 2019
If #steem was valued for its activity- well then so would EOS and we could see a lot of changes happening crypto and this eventually will happen I believe as investors want to only invest in what is best suited for dapp development after the speculation phase turns more a real development
I repost my instagram feed to Steem with Share2Steem.io which I see as a gateway for people to bring content to steem and to bring millions of new users to steem to get paid for existing social media
ackza770