Skip to main content

Steem Chasing Ether in Market Cap


Steem is next in line to be at the second spot if the cryptocurrency market remains as it is today in coming months.The digital currency behind Steemit decentralized social media platform, which rewards posters and voters online, overtook The DAO to be the world’s fifth most valuable cryptocurrency following its 1000% plus growth in the days following Steemit’s first cryptocurrency payout on July 4.

Steem’s rise

As of July 3, according to figures from coinmarketcap.com, it was on the fifteenth spot with market cap of $15,009,110 and a 24 hour trading volume of $8,351. Lisk, Monero, Nxt, Litecoin, Dash and others were all ahead of it.A week later, Steem moved to the seventh place with just NEM, The DAO, Litecoin, Ripple and Ethereum between it and the top currency, Bitcoin. At that point, its market cap had risen to $53,255,780.By Sunday July 17, a week later, its market cap has risen to $296,231,190 to clinch the third placeon the list of top cryptocurrencies. It has now pushed Litecoin and Ripple behind. This leaves it on the trail of Ethereum which has a $935,944,265 market cap, a drop from its $982,972,205 on July 3.Whether Steem will be able to maintain its growth or even gather more steam against the top two currencies is as good as anybody’s guess. Users sharing their beneficial experience with Steemit has worked well to push its subscriber base though we can’t say how long such would last.

Ethereum’s hard fork

However, the pending Ethereum hard fork to recover the funds from the DAO exploits after it was hacked in June is worth watching out for.Planned to occur at block 1,920,000, which should be on July 20 or 21 depending on time zone, the reset promises a move of all the money into a smart contract that can only reimburse investors.The Ether's price increase in May was attributed to the rise of The DAO - or the distributed autonomous organization.Hopefully, the hard fork would bring back the magic that would push Ethereum into a growth trend. 

Tags : Cryptocurrency, Economics, Money, News, Steemit, Crypto Markets

This Post Was Published On My Steemit Blog
Earned : $00.12 SBD Converted to USD @1.31$ Rate = $0.1572 USD
First Time heard about Steemit ? Click Here To Know...


Comments

Popular Posts (Last 7 Days)

Top 20 most valuable substances on the earth

image credit The most expensive materials on earth tend to be valuable because of their rareness. Notwithstanding, a few materials have an inflated value because they are traded on black markets. Right now, the list of the most costly materials on earth are dominated by rare earth substances i.e. platinum, valuable pearls, precious stones, illegal drugs and propelled materials that are perilous and difficult to produce. These substances share a consistent theme of being high in demand and low in supply. 20. Saffron : image credit Saffron is a kind of flower-plant. It has fantastic taste and great health benefits. It can be used in natural remedies for everything from depression to menstrual cycles. Saffron is too costly because its production process is highly time and effort consuming. About one hundred & fifty saffron flowers are needed to produce one gram of processed saffron. Price Per Gram : $11 19. White Truffles : image credit White Truffle is a se

What I Learnt Today : 10 Unknown Amazing Facts About Animals - Part CXXXII

image credit (1) Though poison dart frogs are looking very cute, they are the deadliest animals on earth. A single poison dart frog possesses enough venom to kill 10 adult men. (2) Do you know alcohol makes a scorpion drunk ? Even a small amount of alcohol placed on a scorpion will make it go crazy and sting itself to death! (3) The claws of a mantis shrimp can accelerate as quickly as a .22-caliber bullet. (4) A full-grown bear can run as fast as a horse. mantis shrimp   image credit (5) Reindeer eyeballs turn blue in winter to help them see at lower light levels. (6) Slugs have four noses. (7) The strongest animal in the world is the rhinoceros beetle. It can lift 850 times its own weight. Slugs have four noses rhinoceros beetle   image credit (8) Emus and kangaroos cannot walk backwards. (9) The sailfish can swim at the speed of 109 km/h, making it the fastest swimmer. (10) Snakes can hear you. They use their tongue to receive sound signals from the envi

Your Monitor is not safe... Hackers could use it to spy on you

Monitors are viewed as uninvolved and safe to hacks. Be that as it may, a scientist can't help disagreeing with this basic idea. The main thing a monitor does is get information and transform it into pixels. Yet, to do as such, the monitor requires a little PC. This 'little PC' is powerless to hacks.  A security research bunch figured out how to hack into a monitor and control showed content, not to mention spy on the client. It would be a bad dream if the monitor were betrayed you in such a way. The programmer would have admittance to everything that showcases on your monitor including exceptionally secret stuff, for example, passwords to different locales.  Ang Cui, close by some of his associates displayed the hack amid the Def Con hacking gathering in Las Vegas a week ago. Cui is a main researcher at the Red Balloon Security and holds a doctorate from the Columbia University and the same individual who amid Def Con 2015 showed how clients need to shield th

The Real Face Of India - Episode 119

The Real Face Of India - Episode#119 I believe that India is the most beautiful country in the world. In this series I show the real face of beautiful India. Half Dozen Photos of Natural Beauties Snap taken : 22 Jan 2018   Camera : SONY, Model : DSC-W710 Other Episodes :  Episode#01 ,  Episode#02 ,  Episode#03 ,  Episode#04 ,  Episode#05 ,  Episode#06 ,  Episode#07 ,  Episode#08 ,  Episode#09 ,  Episode#10 ,  Episode#11 ,  Episode#12 ,  Episode#13 ,  Episode#14 ,  Episode#15 ,  Episode#16 ,  Episode#17 ,  Episode#18 ,  Episode#19 ,  Episode#20 ,  Episode#21 ,  Episode#22 ,  Episode#23 ,  Episode#24 ,  Episode#25 ,  Episode#26 ,  Episode#27 ,  Episode#28 ,  Episode#29 ,  Episode#30 ,  Episode#31 ,  Episode#32 ,  Episode#33 ,  Episode#34 ,  Episode#35 ,  Episode#36 ,  Episode#37 ,  Episode#38 ,  Episode#39 ,  Episode#40 ,  Episode#41 ,  Episode#42 ,  Episode#43 ,  Episode#44 ,  Episode#45 ,  Episode#46 ,  Episode#47 ,  Episode#48 ,  Episode#49 ,  Episode#50 ,  Epi

Amazing arts by unknown artists - Series #31

I captured all these art photographs in the Kolkata Book Fair, 2018. I tried to know the original artists of these awesome arts, but, failed. Enjoy this awesome arts. All credits goes to the unknown artists :) To Be Continued.. Previous Episodes :  Episode#01 ,  Episode#02 ,  Episode#03 ,  Episode#04 ,  Episode#05 ,  Episode#06 ,  Episode#07 ,  Episode#08 ,  Episode#09 ,  Episode#10 ,  Episode#11 ,  Episode#12 ,  Episode#13 ,  Episode#14 ,  Episode#15 ,  Episode#16 ,  Episode#17 ,  Episode#18 ,  Episode#19 ,  Episode#20 ,  Episode#21 ,  Episode#22 ,  Episode#23 ,  Episode#24 ,  Episode#25 ,  Episode#26 ,  Episode#27 ,  Episode#28 ,  Episode#29 ,  Episode#30 Tags : Art, Drawing, Fine arts, Painting, Photography,  This Post Was Published On My Steemit Blog . Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit  $3 Donation [Fixed] Donate $Any Amount

Visiting deep inside the Sundarbans & spent days with Bawali - Episode #09

In the last October-November I visited Sundarbans, the world's one of the largest mangrove forest. It was also declared as world heritage site by UNESCO in 1997. In this forest a numerous wildlife species exist - birds, reptiles, fishes, amphibians and also the king of the forest "Royal Bengal Tiger". The ganges dolphins & crocodiles are also living in the canals of Sundarbans. Chital is a one kind of spotted deer living in this forest. The rural life in the area of this coastal forest is also very attractive. They basically maintain their lives by collecting honey, woods and fishes. In the native language they are called as Bawali. I spent some days with them. Here I share some of my tour photographs of Sundarbans and Bawali -- Bawalis are preparing to cook in the jungle Look at the sky through green tree branches and leaves in the jungle Deep Inside The Mangrove forest Sundarbans Camera : SONY Model : DSC-W710 Location : Sundarbans, West Bengal, India Sna

Amazing shot of the bank of Ganges

On the bank of the great scared river Ganges Camera : SONY Model : DSC-W710 Location : West Bengal, India Snap Taken : 23 Nov 2017 Tags : Photography, Nature, Water, Rivers, Landscape photography,  This Post Was Published On My Steemit Blog . Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit  $3 Donation [Fixed] Donate $Any Amount

The Real Face Of India - Episode 133

The Real Face Of India - Episode#133 I believe that India is the most beautiful country in the world. In this series I show the real face of beautiful India. Half Dozen Photos of Natural Beauties Snap taken : 21 Mar 2018   Camera : SAMSUNG, Model : SM-A310N0 Other Episodes :  Episode#01 ,  Episode#02 ,  Episode#03 ,  Episode#04 ,  Episode#05 ,  Episode#06 ,  Episode#07 ,  Episode#08 ,  Episode#09 ,  Episode#10 ,  Episode#11 ,  Episode#12 ,  Episode#13 ,  Episode#14 ,  Episode#15 ,  Episode#16 ,  Episode#17 ,  Episode#18 ,  Episode#19 ,  Episode#20 ,  Episode#21 ,  Episode#22 ,  Episode#23 ,  Episode#24 ,  Episode#25 ,  Episode#26 ,  Episode#27 ,  Episode#28 ,  Episode#29 ,  Episode#30 ,  Episode#31 ,  Episode#32 ,  Episode#33 ,  Episode#34 ,  Episode#35 ,  Episode#36 ,  Episode#37 ,  Episode#38 ,  Episode#39 ,  Episode#40 ,  Episode#41 ,  Episode#42 ,  Episode#43 ,  Episode#44 ,  Episode#45 ,  Episode#46 ,  Episode#47 ,  Episode#48 ,  Episode#49 ,  Episode#50 , 

My Sri Lanka Tour - "Sri Lanka and its Spices"

Sri Lanka is known for its spices. I decided to visit some spices garden during my stay there. I had informed our guide Mr. Sunil Gamage to ensure that visiting spices garden should be in our sightseeing list. He managed a visit to Pinnawela Spices garden on our way to Kandy.   Spices are elements of history. They were one of the chief trades during the period of conquering. In many empires cinnamon and cloves are honoured as currency. Countries like Sri Lanka and Indonesia are long regarded as fertile land for growing spices. Mainly Arab traders controlled this eastern spices trade until the 15th century. Then Europeans reached the shores of Asia, took control of the trade of spices from the Arab’s hands. They changed the socio cultural scenario of Asia for good.   Some pictures of the Pinnawela Spices Garden:      1.   Cardamom   2 .   Peeper      3.  Cocoa    Spices are mainly grown in hilly parts of Sri Lank with major gardens situated around Matale. Majo

Steemit bug found in “TAG”

Steemit bug found in “TAG” image credit I just found a serious bug on steemit TAG. Today I published a news cum TIL post with 5 tags - wilt news newslink til steemitnews https://steemit.com/wilt/@royalmacro/what-i-learnt-today-darkweb-raises-funds-for-assassinating-both-donald-trump-and-mike-pence But, my post is visible in only one section in “wilt”. Other tags are not working anymore. I searched frequently in the following sections which I tagged – https://steemit.com/created/news https://steemit.com/created/newslink https://steemit.com/created/til https://steemit.com/created/steemitnews My post is invisible in the above sections. It’s only visible in - https://steemit.com/created/wilt Update : I just found a solution. I used 4 tags instead of 5. Now, my post is visible to all 4 sections. Tags : Blockchain, Bugs, Cryptocurrency, Steemit,  This Post Was Published On My Steemit Blog . Please, navigate to steemit and cast a free upvote to hel
Back to Top