Trading Recommendation:
HOLD, STEEM could break up or down from here; significant risk of STEEM falling if SBD returns to $1
Investment Recommendation:
HOLD, expecting to be much higher after the release of communities, SMTs, and partner applications
Analyst Commentary:
The STEEM price is down 11.41% verse the USD over the past 24 hours on lower volume ($41,174,900) as Bitcoin falls back to $8k after attempting to mount a recovery yesterday. STEEM continues to fall verse Bitcoin over the past 24 hours with technicals that show there could be more room to fall. Korean trading is still leading the volume as panic appears to have set in as the price of STEEM falls toward the $3 fair value price. New account creation data is not available today. The % vested indicator is up at 74.26% as the elevated price of SBD continues to drive investment. The @steemit account is still powering down 5.5 million STEEM per week. Daily active accounts data is not available today. SBD is at $3.12 on Bittrex which is still very elevated over the peg, receive you rewards in 50% SBD and then use the SBDs to buy STEEM on the exchange. SBD conversions are a waste of money again!
For traders, I believe STEEM is fairly valued around the $3 level, but we will remain elevated until SBD returns to the $1 peg. On the investor side, I believe we will be significantly higher after communities are released and the account creation problem is solved (the timeline for this is currently unknown). I would power up your rewards and buy after STEEM corrects to the $3 level.
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:
Coinmarketcap.com
@penguinpablo Daily Report
Steemd.com
Steemdb.com
Coindesk.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
Cryptocurrency is not going to be stable for some time, it is gonna fall and rise, again and again and again, but cryptocurrency is the future, the only reason it is unstable is because very less people know about this, and even those who do are scared to invest or don't actually know how this works and are wary of this, but cryptocurrency will take over fiat currency, very soon!
I like seeing movies.
I do expect high volatility throughout the year and maybe 2019 until there are agreed upon models for how to value cryptos.
Excusme iam already follows you, please follows back.
What is wrong with account creation, man that really sucks
There is nothing wrong with account creation, my data source is typically not available on Sundays.
a long time ago when no one know about crypto than this idea will become earn money through posting and now steemit got this point in early age. Remember i future many coins start this program but you know old is gold and we all who got good knowledge, information, entertainment and yes good money from here must be here to support all kind of life concern activity. Thanks @leongkhan for this best and informative post