What is really happening?

It is all about the capacity to handle large amounts of transactions.

Number 1? Do you even need to ask!?

It was quite a surprise when I took a look at my portfolio this morning. Coffee and Cryptos, what a great combination. It has been a great rutsch into 2018 for all things blockchain. Even with a cold adding some noise to my brain I still can manage to smile. Yes, I was expecting the next jump to happen. Bitcoin celebrating Schnorr signatures, Litecoin optimistic as ever, DigiByte steadily moving up and with Dogecoin the Cryptos realm finally understood how fast and cheap it actually is. Now the only one missing is Vertcoin, but also HODLin that one. Stealth will come, well that is what I am counting on. It looks like a lot of traders dumped their ripple and bought real Cryptos by the millions, smart move! Let that pattern continue. May we interest them in some hot Steem perhaps...?

It is called a correction, what is happening to Steem right now. It is part of the way Steem works I guess. When the price is high a lot will want to pluck their Fruit Of Work {FOW}, that will effect the price. But is it so different from the way the Crypto market works? Traders are cashing in on leverage there. Selling high, waiting for a drop and then buying the fogging dip. The pattern is to be seen in the Cryptos realm. After a price correction, as it is being called, a new rise probably will follow. As far as I can see this is going to happen for Steem too. Just like it did for Litecoin and Dogecoin overnight. The reason for the price-drop in SBD is because more Steem Backed Dollar is being issued right now. More supply, means less scarse, could cause a artificial drop in the price of SBD. And I came to understand the Witnesses decided to do so. We'll see how this works out.

So, even if Steem and SBD got a correction they are still doing well. Steem is still high and the coming week will probably show that it can keep this up. More and more attention in the media and of websites like Blocktivity really showing what the best blockchains are. By performance Steem is the absololute number one. Over 1.3 million transactions in a day, at 0.11% of its capacity. Sure I did see Ethereum, but it is at full 100% capacity and has unfinished business, there is a waiting list there for transactions. Is it the furry hairballs? Who knows. Blockchains like Bitshares are kicking out more transactions in a day than Bitcoin BTC. While BTS only uses 0.03% of its capacity, Bitcoin is at full 100% and seems to be spammed again with rubbish transactions. They really need Schnorr and SegWit to kick in. Yet it looks like Litecoin might overtake them in Blockchain activity first.

Dogecoin and Golos are in a close range of each other, leaving Bitcoin Cash behind. That last one seems to be struggling. It has been hyped a lot but it can not really compete with other Cryptos. DOGE still buys a cup of coffee, fast and cheap. While HODLers will have smiled when they saw how business became serious for Dogecoin. And the twin of Steem, Golos? Still doing great, it is going places to and I guess that one will grow too. And it is easy to see at the Blocktivity website which blockchain deliver and can handle scaling with ease. Hard to deny for sceptics of DPOS {Delegated Proof Of Work} that it does not work, or it has not future. Because looking at those numbers and figures I think the future is DPOS!

Still there is room for lots of different kinds of Cryptos spreading the wealth all over the globe. Because the next run is comming, it is holding back because companies have a hard time to satisfy the demand. Huge amounts of potential buyers waiting in line for buying Cryptos. It is booming, and it seems the rush has not even really kicked in yet. And as I expect this high demand will hydraulically pump a lot of Cryptos shortly. Already saw DOGE jump, who knows what's next? It is still quite chaotic on the Cryptos market. And that can also be seen in the Blockchain activity. Although one thing is very clear, all the DPOS blockchains like Golos, Bitshares and Steem rule. Hundreds of thousands of transactions per day and not even breaking a sweat. With Steem being the absolute number 1, over 1.3 million a day and keeping it up all the way. Now that has to attract some attention.

Anyway, even in these crazy chaotic Crypto days remember to only invest what you are willing and able to lose.

May the Cryptos be with us!

Now who's the best, beating the rest?

Screenshot taken at Blocktivity dot Info.