Trading Recommendation:
Buy, watch for the bottom and then Buy!
Investment Recommendation:
Buy, pullback is a great investment opportunity, expecting to be much higher in 6 months!
Analyst Commentary:
The STEEM price fell 19.77% verse the USD over the past 24 hours on lower volume ($5,963,710) as the STEEM price followed a broader crypto market correction. New account creation is still strong with approximately 3,000 new accounts created in the past 24 hours and more influential social media figures joining Steem . The % vested indicator rose with substantial power ups from users like @hendrikdegrote and @riverhead. Active account data was not available again today (I'm now looking for a new option for finding active accounts, let me know if you know a good option). The SBD inflation fell with 1 SBD worth about $1.482 at the time of this post. The inflation of our peg shows excitement in the Steem blockchain.
We are currently growing strongly, this broader market pullback is another investment opportunity for putting your local fiat currency in crypto. For traders, I hope you had your $2.00 stop loss in, watch for the price to bottom in the next day or two and then buy in. On the investor side, I believe we will be significantly higher at the end of the year after communities and the flatter rewards curve are implemented. I would buy this pullback and hold on as we go higher!
Payout Recommendation
Due to the SBD premium, I recommend taking your rewards in 50% SBD and using it to buy STEEM in the internal exchange.
Marketing Trust
Please support the @marketing-trust by following and upvoting the daily posts. The project was created to generate capital for a paid advertising campaign to promote Steem.
Data Credit:
Steemchart.com
Coinmarketcap.com
Steemdb.com
Disclosure:
The report published above is based on my assessment of the cryptocurrency market. Investors should consider this report as only a single factor in making their investment decision. All investments involve market risk, including possible loss of principal invested. The author is a cryptocurrency investor and while he seeks to provide honest assessments to the best of his ability may have a conflict of interest that could affect the objectivity of this report.
Discord Chat:
You can reach me on Discord on my private server or through private message to LeongKhan
Cheers mate, I like your posts and will be following you now. ^voted.
Still buying or waiting - might drop even more, especially the SBD price is worrying to me
The SBD price is supposed to be $1. So we are headed that way, I actually support initiatives to help drive it down. I would not hold SBD as an investment.
Yeah I know but having them at the moment and see price decline is frustrating - however when i sell them now I guarantee the price goes up straight after as usual again
SBD at $1 will be useful in long run cuz it enables business to transact on the Steem network without too much volitality
Yes - I know that too long-termed
The BIG question is how low is low 😂😂 cuz both BTC & ALTs are dropping like poop. 🤔🤔🤔
Thank you! Very informative
Could not agree more. I've posted today about the overnight bloodbath on the markets.
Thanks, Leong. I wish there was some way to buy Steem directly for USD; the state of the exchanges and places like Coinbase now makes it very difficult to get in or out of anything.
Very useful and concisely stated analysis, thanks as always. Between your advice, a few other Steem posts, and my own research.. I'm in full HODL mode on Steem right now.