Market Snapshot - March 5th 2018

in #steem7 years ago

Top 10 Cryptos

At the moment of writing top 10 assets were almost all in green with only one token in red.


Screen Shot 2018-03-05 at 10.55.54 AM.png


Apart from NEO, which is consistently heading down, all assets seems refreshed by the beginning of the week.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $3.44 on Coinmarketcap, slightly down from yesterday.

On Bittrex, the 30 minutes chart shows sideways trading in the 31.5k - 30k satoshis corridor.


Screen Shot 2018-03-05 at 10.56.09 AM.png


The 1 hour chart is similar: sideways trading, no spikes.


Screen Shot 2018-03-05 at 10.56.15 AM.png


The 1 day chart shows an almost flat line for the last two weeks.


Screen Shot 2018-03-05 at 10.56.19 AM.png


SBD was trading, at the moment of writing, at $3.49 on average, down from yesterday. The 30 minutes chart on Bittrex shows hairy - but still flat - trading between 31.5k - 30k satoshis.


Screen Shot 2018-03-05 at 10.56.33 AM.png


The 1 hour chart may indicate bearish sentiment, but it's still early to tell, volume is insignificant.


Screen Shot 2018-03-05 at 10.56.39 AM.png


The 1 day chart shows a gentle, but steady downtrend, with smaller variations during the last few days.


Screen Shot 2018-03-05 at 10.56.43 AM.png


SBD to STEEM Ratio

At the moment of writing, according to steem.supply, you could buy 1.019 STEEM with 1 SBD, down from yesterday basically at parity.


Screen Shot 2018-03-05 at 10.57.09 AM.png


Overall opinion: The beginning of the week starts on positive sentiment towards crypto. STEEM is stationary (which I consider to be a good thing) while SBD is slowly going down, approaching the peg (which I consider also a good thing).

Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.


I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.


Dragos Roua


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Happy to see Green market on Monday, usually on Monday's red is the default color... Obviously very good start for the week.

SBD is slowly going down, approaching the peg (which I consider also a good thing).

Owh lawd...anyways I have nothing much to say. Let's see where this leads us to. I am done lamenting .

Overall, good start to the week.

Slowly and safety the market is cover the top 10 will make a big jump this week

i do not really understand why STEEM is not cover yet

seems like sbd coming back to its home @ $1

Stellar, you beauty.

I'm so happy to see the market green again
look like Bitcoin will hit 12k today ( i hope so )

Thank you for the information ,, I always hope that SBD and Steem do not experience the price decline ,, hopefully tomorrow is better than today..

well done. carry on.

Very nice analysis on the present scenario of cryptocurrency. Lumen is going up which is very good thing for me (I have invested in it 😄). Anyways please keep updating your thoughts on the subject @dragosroua. Thanks

Estamos en buen momento para las cryptos, por lo menos en lo que al ambiente de noticias se refiere, se nota que el carácter ha cambiado en las últimas semanas

Good insight there hope the market rebounces back to the neighbourhood of $800Bil with which it started the year off.

no spikes nothing at all in both steem and sbd well a dull day to trade

everything seems to be in green from yesterday prices but nothing much change thanks for sharing :)