📈 STEEM Investor Report 2 June 2017 (Mixed Signals)

Trading Recommendation:

Hold, trade on hourly trends as there is money to be made on the fluctuations, mid and long term trends are uncertain

Investment Recommendation:

Hold, fundamentals may be turning negative, hold or sell to buy in lower

Analyst Commentary:

The STEEM price rose 8.90% verse the USD over the past 24 hours on slightly lower and below the average from the last 14 days of volume ($2,745,370) as STEEM and other cryptocurrencies are oscillating to find their new normal. Active accounts continued to fall to 12,331 as it appears that Steemit is not holding the attention of the last wave of new users. The % vested indicator increased showing renewed investment into the Steem blockchain. Pending power downs are rising with future power downs even with current power downs which will likely drive down the % vested indicator in the weeks to come. The SBD inflation is rising again with 1 SBD worth about $1.70 at the time of this post. The inflation of our peg shows excitement in the Steem blockchain. Overall, the signals are signals are mixed, user growth is down, investment is up, pending power downs are flattening, SBD is rising. For traders, I think there is room to make money on hourly trends. On the investor side, I believe we will be significantly higher at the end of the year after communities and the flatter rewards curve are implemented, however, if fundamentals continue to decay I will likely recommend selling here to reinvest later.

Payout Recommendation

Due to the SBD premium, I recommend taking your rewards in 50% SBD and using it to buy STEEM in the internal exchange.

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Data Credit:

Steemchart.com
Coinmarketcap.com
Steemdb.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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