Mere looking at the situation now, I can see how more users of steemit complaining of the fall of the steem dollars and steem. I want to raise this concern because this issue has started rising for the last 7 days now.

Based on my findings, steem has gone down to nearly 40% which we can register this as a very big decline in the market. Now I noticed the decline has been a major issue than it first appear in first instance. I can see that some factor are contributing that has cause the downfall of steem which is how market are getting ahead of itself.
The rate of steem supply has mainly increased for about 20% over three (3) weeks ago. This has really made some effect on the steem value. This increase has gone to the steemit contributors and the steem power.
Another is that the Bitcoin prices is down in 14% for about 3weeks ago, bitcoin is known to be the cryptocurrency benchmark and it has fallen 14% through the period which I have consider to be a fall in the steem price calculation.

REASON THE PRICES HAS REALLY FALLEN

1. The Demand:

One main focus of the user is base on cryptocurrency, Cryptocurrency has began to limit growth for a period now. The user based on the weekly users (active) has really fall week to week with the users bound to have fallen from over 20,000 to 13,000 this period ago. This is really weighing on the steem prices. The value of steem is caused by the underwhelming networks and the level of difficulty to earn a reward.
However the community needs to start the process in promoting more of the mainstream in other to support the growth.

2. The Supply:

Another main focus is the issue of the Liquid steem which is use for the transfer/exchange. Like we know that steem power cannot be transfer and this is where most and majority of our steem is stored. The way the users are powering down and converting to a steem dollars now over some past period now has cause a liquid steem. This has caused an increase in liquid steem to rise to over 65% which doesn’t sounds good. The increase in liquid steem over the past period of time has put a big pressure on supply. Most of this increase has really come from large account powering down which has create an imbalance to the market.
In conclusion: As we can see that there are factors that have an impact on price of steem. If you really believe in steemit all you need is just to do your own bit which is the contribution, promote and mostly curate. This trend should get strong when users safe their steem and not sell everytime . I see this as a big opportunity for steemit to be a media giant in future.

Safe for steemit!!
Don’t be weak in saving your steem.

Please kindly upvote and resteem to save our steemit.