The paradoxical thing about Steem right now is that while we are in a Bear Market with historically low prices, the amount of development in this Blockchain is proceeding at feverish pace that you would expect during a Bull Market.
Point one:
Steem continues to one of the most popular places for Decentralized Applications or Dapps for short, which are the lifeblood of the cryptocurrency economy. At a time when most crypto projects dream of having one Dapp in the top 100 Steem has 18.
If you look at the top 100 Dapps in all of Crypto the Steem blockchain has 18 of the largest Dapps in all of Crypto. Steemit is the second largest Dapp in all of Crypto!
Steemit, plus Steem Monsters and Next Colony are in the top ten!
Point Two
At a time when many Crypyto projects dream of having a sidechain with smart contracts we have a side chain and over 40 smart contracts.
Point three
At a time when crypto coin holders praise the Ethereum blockchain for being the launching pad for many Project Tokens which provide multiple use cases for Ethereum we have a side chain with over 60 Tokens.
Point Four
At a time when many Crypto currencies dream of one day paying their day to day expense with Ad revenues, Steem has paid Ads.
Point Five
At a time when some projects entire use case is to one day facilitate trading coins in between blockchains we are already doing this on the Steem Engine side chain: we are already trading across blockchains. We can buy the Crypto Peso which actually resides on the EOS blockchain in the EOS Token Market.
Point Six
The majority of crypto require you to buy and sell to make s profit. But Steem allows you to make more Steem, everyday through posting,?curating, delegation or playing games like Steemmonsters or Splinterlsnds to win Steem or win cards you can convert to Steem, which of course can be converted to fiat.
Point Seven
Unlike other projects with low prices and low activity, the activity level on Steem is high.
Point Eight
The community has developed formalized onboarding assistance with videos and mentoring like Steemboarding. link link2
Point Eight
The community is developing Tribe and Project based onboarding efforts, like Steemleo’s initiatives inviting established bloggers to the platform Link and Graphic User Interface innovations like the one developed by Travel.io Link
Conclusion:
Based on my observations of new Technology companies in the past, which started as struggling but very innovative projects, I think Steem has a great future. Plus the paradoxical nature of the Steem ecosystem where although price is nearing all time lows, activity is nearing all time highs. This paradox makes me think that it is the right time to invest in Steem.
✍️ by Shortsegments.