Catching up on yesterday's post.
Trading Recommendation:
BUY, temporary dip is caused by Bitcoin rally
Investment Recommendation:
BUY, expecting to be much higher in 6 months due to the release of communities and partner applications
Analyst Commentary:
The STEEM price is up 1.58% verse the USD over the past 24 hours on lower volume ($701,428) as Bitcoin consolidated over the past 24 hours and many altcoins are rising to catch up, but not STEEM. STEEM is still lacking big news breaks to generate trader and investor interest. The opportunity to pickup STEEM with Bitcoin is improving as it is currently holding at low levels verse Bitcoin, either buy here or hold out to see if it goes lower. New account creation data is not available today. The % vested indicator is down at 73.53% on a heavy power down day. Pending power downs remain at very low levels and appears to be continuing to decline in future projects. Daily active accounts data is not available today. The SBD value is down at $0.970 on Bittrex as it maintains the peg.
For traders, I believe STEEM has the ability to move much higher with an estimated fair value at $1.60 to $1.80. On the investor side, I believe we will be significantly higher at the end of the year after communities are released and the account creation problem is solved. I would power up your rewards and buy at current value levels.
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
Steemd.com
Steemdb.com
Coindesk.com
@penguinpablo Daily Report
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
I hope confidence will be boosted by the development news that came out at Steemfest
The dev team needs to wrap up the backend work and get back to releasing promised features to inspire confidence and investment.
I think they need the infrastructure to support new features. I would hope we will see the new features in the next couple of months. They have taken on more people
Not much of a pause for BTC :D