STEEM now ranked number 1 crypto for 'Public Interest' by CoinGecko...
In fact SBD is ranked number 1, STEEM is ranked number 2 and BitCoin is now pushed into third place. And all thanks to my email to them suggesting they monitor the Alexa ranking for steemit.com rather than steem.io!
We should notice a further upwards change in STEEMs ranking for 'Community' over the next day or two as the twitter data corrects to point to the much more popular @steemit, rather than @steemchain, and STEEMs missing community data is updated to match SBD.
Has STEEM been undervalued due to rankings such as this looking at the wrong twitter and alexa data? Quite possibly. Here is hoping this gives the STEEM value a little boost...
VERY SMART suggestion outstanding work!
Did you go back on the whole 'no self upvotes' thing? You're giving yourself an astonishing 27% :-/
http://steemreports.com/outgoing-votes-info/?account=jerrybanfield
Yes thank you @demotruk for inspiring me to share this in the next Steem secret post I make because I did change my mind on this after about a month of trying it both ways with no self upvotes and before that a lot of self upvotes!
Thanks. Coingecko don't get quite the visitors of say coinmarketcap, but they do have a greater variety of metrics, and their popularity is on the rise, so it seemed worth getting them to use more favourable stats for us, especially since their existing ones were poor measurements of our community strength.
I think Steem is heavily undervalued and will shoot up within next 6 months.
At least $4 seems a realistic goal for a new stabilising point after the next boom.
What website is being used to measure Bitcoin public interest?
Edit: Seems it's using bitcoin.org. If Steem gets to use Steemit.com, then Bitcoin should get to use Bitcointalk.org. That would put Bitcoin back on top, although steemit.com is rapidly catching up on Bitcointalk traffic.
Edit2: As far as I can tell Steemit.com is vastly ahead of the communication hubs of any altcoin, Bitcoin is the only one ahead of it.
This is true. But given they seem to lack the social media data for STEEM at the moment, I'm not going to be the one to complain. :)
Is that for the "community" metric?
Yes. Currently it is based on reddit, facebook and twitter. SBD has the data but STEEM doesn't, although it should update in a day or two. I also persuaded them to change the twitter data to use the @steemit twitter instead of @steemchain. That will boost the community rankings. Perhaps one day we will be big enough that they will use steem tags to measure all cryptos community rankings... ;)
It seems like our own social network works against us there. Steemit.com activity and traffic massively outdoes the reddit traffic on all other cryptos including Bitcoin, but there isn't much Reddit.com/r/steemit traffic for obvious reasons (why post there when you can post here and get payouts..?).
Facebook and Twitter stats could be seriously improved.
Indeed. I had been thinking the same thing. However we have to recognise that bitcoin and ethereum are popular tags on steemit. It would be nice if having a steem tag was one of the 'Community' metrics measured. Perhaps number of posts in past 24hrs or week? CoinGecko would need some easy way of getting the stats they need that way. If we have more bitcoin posts per day than facebook, they should be using us anyway.
Bitcointalk has 1.2 million posts in the Bitcoin forum, and 0.9 million in the altcoin forum, making it even more complex (it is really a crypto forum, not just Bitcoin, and Steemit is more than just Steem as well).
In fact, the Bitcointalk forum with the most posts by far is Altcoins - Announcements with over 4.3 million posts.
This is the problem with complex metrics. People rightly criticize Market Cap for being a simplistic way to measure the competitive position of a cryptocurrency, but when you try and make more complex metrics, you end up diving deeper into the nuances of the problems with each part of the metric. A collection of simple metrics is preferable to complex aggregate metrics that inevitably end up reflecting favoritism or are still just easily gamed.
Thanks for taking the initiative and emailing them and giving them the right alexa data of steemit.com instead of steem.io.
Thanks for representing us.
I has been my pleasure. Indeed it is also in my interest if steem goes to the moon... ;)
Great work on your email! It was silly for them to monitor steem.io.
"Has STEEM been undervalued due to rankings such as this looking at the wrong twitter and alexa data? Quite possibly."
I'm certainly hoping so, because I've been buying on the way down.
Great job, not keen on seeing our beloved Steem and SBD bloody all over! Upvoted! :)
Nor I. Best to HODL or even buy when it is like this. I feel confident it will rise again though.
Great work @Antonchanning! Sometimes it takes folks like you to get shit done. #HighFive
When you see a job that needs doing, do it. Admittedly, seeing the chance to profit from a rise in value may have motivated me a little... ;)
Wow! Steem for the win!!
cool, do you know how public interest is measured? I am wondering what it really means.
It is based on two factors, number of Bing Search Results, and Alexa traffic ranking. Mainly the latter.
Im wondering about Monero on #55. Anyway. Good job steem!
Yes, Monero is #6 in overall score, just scores bad in 'Public Interest'.
Thats right, but i don't understand why, by all the benefits of Monero?! I think the time will show.
Probably because those that buy it, buy it directly from an exchange without bothering to look at the website. They probably read about on bitcointalk and steem posts, and it also has a good community score. Bing search results are good, but it has a poor alexa ranking for https://getmonero.org