Market Snapshot - March 6th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were almost all in red with only one token in green.
Doesn't look like a sell-off or panic movements, more like a small correction, like markets breathing out.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.42 on Coinmarketcap, slightly down in fiat from yesterday (but up in Bitcoin).
On Bittrex, the 30 minutes chart shows a hairy top around 32.5k satoshis (meaning there was an unsuccessful attempt to bring the price higher).
The 1 hour chart is showing a small increase and a potential stabilization around 32k satoshis.
The 1 day chart shows a flat line for the last 4 days and very small variation back up to 2 weeks.
SBD was trading, at the moment of writing, at $3.65 on average, up from yesterday. The 30 minutes chart on Bittrex shows an almost similar chart with STEEM.
The 1 hour chart is relatively bullish with significant volume on the 32k breaking attempt.
The 1 day chart is basically flat for the last 3 days.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.056 STEEM with 1 SBD, up from yesterday and the parity is again broken (but with a very small amount).
Overall opinion: Markets are correcting slightly while SBD had another pump. Both SBD and STEEM are either appreciating against Bitcoin or remaining stable.
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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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
thanks for your infomative blog. I hope price of steem will rise soon.
This comment has received a 3.02 % upvote from @speedvoter thanks to: @zenifar.
Wouldn't it be better if Steem went up and SBD down? At the end of the day, we want to grow the platform and that might be easier achieved when most of the rewards get invested back into SP.
Yes, the long game is on STEEM, not on SBD.
It's good to see this small correction because the thing goes upward very fast without any stop than it will fall to the ground without any stop .so it's a good correction for the growth of crypto.
@dragosroua
Where can i get these charts on steem.supply?? I can't find it. It's exactly what i am searching for for days.
If you don't see it, there might be something wrong. What browser / os are you on? It should work out of the box on any major browser.
I am using chrome
@dragosroua
besides chrome i also tried firefox, edge and Internet Explorer. None works. Internet Explorer even gets stuck saying a script with "langer Laufzeit" (long runtime) is preventing site to be loaded.
I use Windows 10
There's a strong competition between SBD and steem the two got equal at a point yesterday. I was surprised to see later in the evening that SBD rose a little higher again. It's all good though.
Looks like rumors are running around about Ripple getting into Coinbase again, probably fake but that caused a 20% pump yesterday.
I don't think so.because coinbase recently said they they are not going to add any new coins to it.
Despite all this we should not despair as easily as the market can change to green soon just wait to break the bitcoin barrier 12k then shave and come the role of currencies including Sbd and Steemt as well thanks for sharing values
We wait steem to ris to 20 $
The market isnt stable for now, i think we alot it to breathe abit and see how it goes. It is a good thing steem rose in bitcoin. Hope to get more updates
ugh, I just panicked yesterday and converted all my sbd to steem when they were just about even lol