Cryptocurrencies

in #cryptocurrencies7 years ago

Analyst Commentary:
The STEEM price is down 7.70% verse the USD over the past 24 hours on higher volume ($90,945,300) as Bitcoin falls to $10.2k and STEEM follows downwards. STEEM's volume is still being led by trading on the UpBit exchange (specifically in the STEEM/KRW pair). New account creation is very strong at 8,500 new accounts created in the past 24 hours. The % vested indicator is down significantly at 71.16% as the next @steemit 5.5 million STEEM power down hit yesterday. I've updated the daily and weekly power down graph and the three spikes on there are the @steemit power downs blowing out the graphs. Daily active accounts is at a new all time high of 66,868 user active over the past 24 hours likely due to the spike in new accounts. SBD is at $5.09 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, but we will remain elevated until SBD returns to the $1 peg. 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 after STEEM corrects to the $3 level.

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Bro invest som sbd and earn more i think

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