Market Snapshot - April 28th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were relatively bearish, 4 of them in green and 6 of them in red.
Bitcoin is maintaining the $9,000 level, while EOS, Cardano and TRON are growing very fast. All other alts are mildly correcting downwards.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $4.22 on Coinmarketcap, sharply up from yesterday.
The 1 hour chart shows another spike, following the rescheduling of STEEM trading on Huobi Pro, followed by a correction to 46k satoshis.
The 1 day chart suggests stabilization around 46k satoshis, after a bug jump a few days ago
SBD was trading, at the moment of writing, at $3.52 on average, slightly up from yesterday.
The 1 hour chart indicates the bull force is not that strong as for STEEM, SBD stopping around 37.5k satoshis
The 1 day chart shows a red candle following a doji, bringing SBD price back where it was a week ago, in BTC.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.833 STEEM, down from yesterday and below parity
Overall opinion: Although Bitcoin is relatively stable, the rise of EOS and Cardano may indicate an attempt from alts to decouple from Bitcoin dominance. Still a long way to go, since EOS has just 10% of Bitcoin's marketcap, but it's an interesting trend. STEEM is very well positioned before its new listing on a major exchange, while SBD is growing much slower that STEEM. All in all, an encouraging start of the weekend.
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.
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EOS is doing wonders at the moment, up by 21%.... Is it just for Airdrop?
Watching month to date graph, it is clear EOS and STEEM are the two coins leading.
STEEM is still on the uptrend channel, has been trying to break it a couple of times but did not succeed yet.
EOS is on the upper side of its channel, trying to break it with the ATH resistance line.
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Long live steem
Thank you!
Very very good... steem is on its way to $5
That is something i was looking for, sir what is EOS?
Now a day everyone is talking about it.
can you please give me some information about it!
and yes steem sbd's are standing strong!
and hopefully they will continue to do so!
EOS is a blockchain were people can create 'custom tokens'.
For example, someone could create a steem-like blockchain by creating a new token on the EOS chain.
I was considering it as a coin!
Maybe I'm wrong.
It's comparable to the smart token idea of steem.
Tokens like xap?
Market is now balance but steem is growing up than others....thanks for your current market update @dragosroua
looks like EOS really made it!
From being just " a nice idea" to making the project, one of the most promising in the crypto space. Not often I say: but I think EOS might be there to stay in Top5 or Top4 in the CoinMarketCap.
The crypto market is so full of uncertainties. One moment it is up and the next it's down. Look in the morning the top 10 were bullish and now a different story.
Altcoins have been steadying moving up compare to bitcoin. I have put in a few hopes on EOS because it seems to be bulling in strong as we draw closer to its launch date.
Steem and EOS are having some nice runs in the last few weeks :)