Market Snapshot - February 26th 2018
Top 10 Cryptos
At the moment of writing all top 10 assets were predominantly red, with only 1 asset in green: Litecoin.
The losses aren't significant, the market seems rather dormant / stationary, than bearish.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.34 on Coinmarketcap, slightly down from yesterday. in fiat, but up in Bitcoin (see below)
On Bittrex, the 30 minutes chart shows spiky trading, with support around over 34k satoshis.
The 1 hour chart shows a very subtle growth slope, but corrections down are still happening.
The 1 day chart shows a very subtle upwards trend, but with very little volume and price variation.
SBD was trading, at the moment of writing, at $3.78 on average, slightly down from yesterday both in fiat and Bitcoin. The 30 minutes chart on Bittrex shows an attempt to break over 39k satoshis, followed by a sharp correction down to 37.7k satoshis.
The 1 hour chart shows sideways trading, between 39k and 37k satoshis.
The 1 day chart is still on a descending trend, with a gentler slope, but the direction is still down.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.133 STEEM with 1 SBD, down from yesterday.
Overall opinion: Markets seem dormant, the level of enthusiasm reached at the end of last year seem very far away. STEEM is conserving its value in Bitcoin, while SBD is continuing its travel south.
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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Its interesting how even all the positive news last week and the implementation of segwit in a few exchanges has had almost no positive effect on the prices... I guess we'll have to wait and see what this week will bring!
sbd and steem both follow the same pattern and go in same direction that something interesting to follow
Thank you for this market update i so hate the days when everything is red in the market i assume we will see BTC break 10K today and once it's will happens all the other alts rate will jump
“the level of enthusiasm reached at the end of next year seem very far away."
OR you mean last year?
last year, obviously :)
All but one is green, today I suppose LTC will rise even higher when they release their update/exchange thing
SBD is reducing in all spheres while steem seems to be holding it's ground. Good one for steem. Thanks @dragosroua for the update.
Thanks for making this information available here....helps alot...saves our time.
This is a bad way to start the week. I am not happy about this news and to think that there isn't any reasonable explanation for this saddens me the more.
The price for steem keeps going down and its abit alarming now even with the world wide recognition crypto currencies are getting recently. Hopefully the market would increase
Another nice,
post of yours and followed you PLX follow me also .