The Daily Steem #7: Steem is Down 16% Today and Whale Accounts are Shrinking
This is the fourth issue of The Daily Steem! Its all about what's been happening at Steemit, a rundown of the big accounts, the trading activity, hot posts, and anything else I can think to add at the time. I'm looking to improve this report by adding more data etc...but it really depends what people want to see, so if you enjoy it please give me feedback ( @moneybags ) on how to improve it.
STEEM/BTC Market Performance Over the Past 24 Hours
Steem is not performing well, down 16% over the past 24 hours against the USD and is down 12% against BTC, solidly under-performing the market, and the downtrend appears to be accelerating rather than levelling off.
Is this a buying opportunity, I'm getting interested, but what do you think still time to buy or should we hold off?
Do you have a view?
Sourced from tradingview.com
Todays Top Authors
The top earner was @crypt0 with 228 SP, only two Steemians earned over 200 SP over the past 24 hours by authoring content, this is the lowest I have seen since I started producing this report by far (to be fair its only been two weeks). If you know of an author who didn't earn anything close to this amount, but think they should have, then please link to their blog below and we'll consider adding a top list for the next edition of The Daily Steem.
Sourced from steemdb.com
Todays Top Curators
Posting blogs isn't the only way to strike it rich, these content curators took home some massive rewards as well, especially @abit who continues to crush the leaderboard day after day, clearly has something figured out, and having a 2 million SP account can't hurt either. You'll need a large account to score well in curation rewards though, as whales beget whales here.
Sourced from steemdb.com
What Activities Generate the Most Steem?
Well hands down the answer is authorship, writing blogs is key if you want to grow in the community, but on top of just publishing content, you also need to grow your own power, network, and community in order to have people help curate your posts towards the Hot and Trending areas where most of the magic happens. So keep on blogging, even if you aren't getting traction, you will, hang in there!
Sourced from steemdb.com
Biggest Power Ups Over the Last 7 Days
And welcoming some new whales this week, and some that are just growing, here are the 10 biggest power ups from the past week. Great to see some new big money entering the Steem economy.
Sourced from steemdb.com
The 25 Richest Whales
Four of the top 25 richest whales are currently powering down. The poorest of these whales still has an account valued at $1. 2 million, down sharply given the recent decline in Steem prices.
Sourced from steemdown.com
Questions, comments, feedback? We want to hear from you #dailysteem @moneybags
Can you please mentor someone on steemit?
I like this as is. Concise and informative. Nice!
I think it's a good idea to bring these statistics. May be motivating!
It wasnt just steem that was down though, alot of crypto's across the board took a hefty hit. Eth, GNO, EOS. LTC took a minor hit as well.
But just carry on as normal, markets are just readjusting.