With the price of Steem and the entire crypto market slowly and steadily climbing back into regions where fewer of us are thinking about jumping out the window, we all seem to forget about the other half of the equation that determine price and value.
The main thing people aren't talking about is VOLUME.
Without volume, we basically just have manipulation and a very hollow value. But if we see higher volumes AND higher prices, we know we are onto a good sustained winner.
As we can see above, for the 3 months that Steem, and basically the entire crypto market took a massive dump, the Volume was none existent. But now we are seeing volume return, the prices are returning.
Steady, constant volume is what we really need rather than a 1 day price spike.
So looking at the Total Market Cap chart, we can see that over April the volums have been slowly rising to about 60% of the volumes from where we were all flying.
So how can we build this volume?
If we all placed a buy order every single day on an exchange of our choice, even if it was just for $1, but EVERY day and we ALL did it, this would create demand.
What happens when we have demand?
With a spike in demand, especially in Crypto, we start having FOMO, then others rush in like the good little lemmings they are, then we start getting momentum, then traction then we get solid sustained price movements.
So get in there, show some brand loyalty, help spread the word to your friends and family and help increase the daily volume, and we'll be rewarded with higher prices in the long term.