Following on from yesterday's stellar announcement regarding the proposal to leverage the Steem Blockchain with Social Media Tokens I am not at all surprised to see Steem bullish at $1.62.
#Steem Price Chart
#Steem #dMAmapping⇗⇗⇗⇗⇗⇗ Screen
Social Media Tokens
Yesterday's announcement to leverage the #Steem Blockchain with #SocialMediaTokens #SMT is massive news and a potential game changer for #Steem as it will allow exponential scalability of the #Steem Ecosystem at an unprecedented rate.
This scalability has in essence, with the swipe of the pen, increased the demand for #Steem overnight.
As yesterday's news is chewed over by the market and the proposal to leverage the #Steem Blockchain with #SocialMediaTokens #SMT sinks in, I am not at all surprised to see #Steem bullish at $1.62.
Technical Analysis
#Steem triggered a #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert Signal on 10-May-2017 at $0.85.
From triggering the #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert, #Steem has seen a modest growth of no less than x 1.91 to the current price of $1.62.
With a current Market Capital of approx. $390m and Ranked No.20 in the #CryptoCurrency Market, #Steem has seen a steady growth these last 5 months.
Following on from yesterday's game changing news, we maintain a BULLISH recommendation on #Steem and will continue to monitor the Technical Analysis over the next few weeks/months.
Year End Target
I maintain my Year End Target for #Steem at $4.70 with a Market Capital of approx. $1.2 billion.
Thanks again for reading.
Stephen
Good news
Shared on twitter. Stephen
Better get them buy orders in fast. This could signal a huge take up of steem. @stephenkendal
damn straight! yeah u hear Kik raised millions with its crypto currency token so we should find a way to combine the SMT with the new klick project oh man imagine getting kik integration somehow LOL
oh man we need some way to make a Steem Magazine and take advantage of SEO
we need to drive traffic to steemit pages, take advantage of the fact that Steemit pages are a free way to host content, use marketing strategies like adwords etc
IMHO, even more impressive than the price rise has been the spike in volume.
Thanks for sharing ,
Upvoted !
By the way ,I started following you and I would appreciate your follow back too .
please visit my blog and vote me too
Its so exciting to be on the ground floor. I think most people don't realize how lucky we are to be a part of this as a community. Things of this magnitude are usually only available to the elite. If the power of the community could be harnessed the growth could be exponential
Late my klik upvote..
Let us all just relax and let the developers do their thing. It seems like they have full control of what they're doing :)
any SMTtoken is an asset issued on top of the STEEM blockchain and it's traded in a SMTtoken/STEEM pair, so the steem is major trading pair for any SMT in this way it helps steem token itself.
Congratulations @stephenkendal! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP