📉STEEM Investor Report 30 May 2018 (Bitcoin and STEEM Recovering)
Trading Recommendation:
BUY, price drop is an opportunity to buy, significant risk of STEEM falling if SBD returns to $1
Investment Recommendation:
BUY, expecting to be much higher after the release of communities (coming soon), SMTs, and partner applications
Analyst Commentary:
The STEEM price is up 2.63% verse the USD over the past 24 hours on lower volume ($7,580,340) as Bitcoin is up at $7.5k and the broader market is up. STEEM is up slightly verse Bitcoin as Korean trading is flat at 17% of the trading volume. New account creation is strong at 700 accounts created in the past 24 hours. The % vested indicator is up at 71.17% on lower power downs at the lower STEEM price level. Daily active accounts is down slightly at 62,512 accounts executing transactions in the past 24 hours. SBD is at $1.72 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 even after SBD returns to the $1 peg. If SMTs and communities have the expected impact of broadening the use cases of the STEEM blockchain, STEEM could be fairly valued at $8 or more. 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 STEEM below the $3 level.
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.
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Good report! Upvoted!
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@leongkhan you were flagged by a worthless gang of trolls, so, I gave you an upvote to counteract it! Enjoy!!
Good informative article STEEM Investor Report.
well done my dear friend.
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Thanks for delegating to the @exhaust project. It's cool that they can give out bigger votes to the community. Hope it's all good with you.
It does look like a cool project which is why I wanted to support it. I'm good just super busy and I don't have much time for Steemit
Hi. If you see this then please consider voting for more witnesses or set me as a proxy. We need every possible vote to get control back from Justin Sun and Steemit.
Done. You are active enough to make better decisions than me right now. Protect an independent blockchain and grow the platform.
Thanks so much. It's a bit of a desperate fight, but worth fighting