$STEEM inflation is now 6.19%.
As far as I remember, STEEM inflation was more than 100% in 2016 through the POW(Proof of Work) algorithm. After 16th hard fork in 2017, it's been rapidly decreasing from 9.5%.
According to the STEEM white paper, The inflation rate decreases at a rate of 0.01% every 250,000 blocks, which means it decreases around 0.5% per year. So, next year's inflation will be less than 6.0%.
Not only STEEM but also most altcoins have been suffering a hard time again. The total 2 marketcap indicates it well. I believe the next 3rd altseason will start soon. It might commence this December.
I don't mind no one cares about it. I've been dedicating my research on Steemit and X(Formerly, Twitter) for more than 3 years again. I believe I can step on the top of the mountain
I don't believe that higher prices is the perfect metric for the success of Steemit but when the ecosystem carries useful meaning for the society as it is being currently used. I see wonderful movements in education here, teachers involved, bloggers, this is what adds value for the project. Tangible value, not numbers, numbers are the reflection for financial base behind it but should never be the metric about the health of the Steemit's mission.
good！
It seems that this project has a lot of opportunities, especially for those who are starting out with cryptocurrencies. Looking forward to a better experience here at Steem.
Steemit is advancing and greatly helpful