Will A Higher Price Of Steem Lead To More Users On Steemit, Or Will More Users On Steemit Cause The Price To Rise?
This looks like the classic chicken and the egg situation that cryptocurrency continuously perceived to have, however matters with Steemit looks slightly different.
The reason that i feel that Steemit can handle this different than others, is attributable to the sheer usability of the Steemit platform. rather than requiring a selected set of skills or data to be interact with the Steemit network and platform, all users, despite their specific talent set have the flexibility to own direct interaction with the Steemit platform. Being a platform that's meant to relinquish users an opportunity to share within the rewards that they produce for his or her content, it might be logical to assume that the number of users and activity on the platform would doubtless increase with a rise within the worth of Steem. a better Steem worth offers extra incentive for brand spanking new users to hitch the location, and will doubtless be terribly effective at increasing the scale of the Steemit community.
Steemit growing its community severally of the valuation level may have the impact of skyrocketing the value level of Steem, attributable to the increase in practicality and size of the community. because the platform and community continues to grow, the value level is probably going to still grow beside the platform.
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