Steemit Crypto Academy Contest / S9W1 - Steem performance in 2023

Assalam-o-Alaikum

Hello everyone I hope you are all ok and enjoy the good life by the grace of Allah Almighty I am here for participate in the amazing engagement challenge which organised by the SteemitCryptoAcademy the name of this challenge is Steem performance in 2023 so let's start;

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Should you invest in Steem now? Perform technical analysis to predict the price of Steem in December 2023. You can use Tradingview

Steem is a profitable token It is decentralized token and flacuate the prices to give good returns. It price swings and volatile nature make the token as the good investment. We can earn the Steem by creating the quality content on the Steem Blockchain or we can also buy them from the exchange. If we take an eye on the history of the Steem It is very worthy the token has rised its prices to much but from the previous year due to the downtrend of the whole market the Steem Token is also in the downtrend.

The Reasons behind that can be many and the regulations of the tokens needs to be improved.Investing in Steem will be the good option this time beacuse we all are well aware of the fact that the Whole market or the cryptotokens are in the bearish trend and for the investors or stakers the bullish trend of the market will bring the great profits.

If I talk that I will invest in Steem now so yes I am investing yet actually the amount of SP that is present in my wallet is a kind of investment , I am Staking the 100 Perecent Portion of my Earnings in Steem.Currently , I am the clubdolphin means I have staked more than 5000 Sp in my wallet and still I am the member of Club100 and powering up all of my assets for the secured and profitable future. The Reason why I choose to invest in Steem are following.

• It is the decentralized crypto tokens and the users got the complete benefit in regards to their investment.

• According to the predictions the prices will move towards the uptrend and investment this time will be worthy in the bullish trends of the market.

• There is a large community By investing in the Steem token we can also contribute to growth or developmenrt of the platform.

Perform the Technical Analysis to Predict the Price in December 2023

We can use the indicators to predict the prices of the assets these are the helpful tools to technically analyse the upcoming trends of the market. I have use the Moving Averges Indicator MA We can simply analyse the prices by the Support or the Resistance Levels.

• When the Buying Pressure is strong and it prevents the assets price from furthur declining means the demand of the token is high is the Support level and the Resistance Level on the other hand is the time when selling pressure is high and for that reason the prices are not increasing furthur.

_{Screenshot taken from Tradingview}

Here you can see at the point resistance break means there will be the trend reversal moves in the next term. The selling pressure is decreased that was preventing the Tokens to increase there price furthur.It is expected that the trend will be reversed and we see the positive change of the Uptrend in the December 2023 as the moving averges also indicating.

I have used the MA at 50 means the price predictions are made here are using last 50 periods we can also predict the prices using different timeframes to predict the longterm and short term trading and there better understanding.According to the above chart the prices will be in uptrend beacause it shows that the resistance level is break and there will be the trend reversal.

Describe the step-by-step to transfer USDT to Steem cryptocurrency in the Steemit wallet. Use your wallet. Screenshots are needed.

It is not too much complicated process to convert the USDT to Steem. If you have the USDT in your wallet you can simply make the conversion or transfer the tokens into your Steemit Wallet. I have used my binance Wallet to convert the USDT into Steem I will show here Step by step.

Step 1

• In the first Step we have to just check the balance If you have the USDT you can simply perform the conversion otherwise you have to purchase them first. I have USDT in my binance Wallet so I did not need to purchase them.Here you can check the Amount of USDT in the Spot the Screenshot is below.

_{Screenshot is taken from my wallet}

Step 2

• I have selected the pair of Steem and USDT for the trading here simply select the buy option and enter the amount of USDT that you want to convert into the Steem here I have selected the amount of 15 dollars that will be the almost 59 Steem according to the current price of the market.Now just Click on the Buy option to buy the Steem.

_{Screenshot is taken from my wallet}

Step 3

• You can see that my USDT are converted into the Steem that is 59.9 Steem this is according to the current price the price may vary.After conversion we have to just Transfer them into our Steem wallet.

_{Screenshot is taken from my wallet}

Step 4

In the next Step you have to Click on the Withdraw option and add the Address and Memo of your Steemit Wallet.Here I have added the address of my account and Select the amount of Steem that I want to send that is 1 Steem.

_{Screenshot is taken from my wallet}

Here is also network fee that is miner amount.

Step 5

• After Clicking on the withdraw option the Steem are Transferred into my wallet successfully you can see the screenshot below.So these are the simple Steps to Convert the Steem into USDT and to transfer them in your Steemit Wallet.

_{Screenshot is taken from my wallet}

Step 6

• Now you can see the notification in my steemit wallet to the confirmation deposit of steem as below I provided the screenshot;

_{Screenshot is taken from my wallet}

How many Steem Power do you currently have? Analyze the expected growth of your Steem Power until the end of 2023. Show screenshots.

Steem Power is the Staked amount of Steem tokens and many memebers are Staking there Steem Tokens in there wallets. I am also powering up 100 perecent of my earning and Now I have Collected the good amount of SP in my wallet. I have recently achieved the Clubdolphin means collected the 5000 SP in my wallet.

The screenshot of my current SteemPower you can see below in the Wallet That is 5529 that I have achieved in less than one year on the platform and I am very passionate to increase it.

_{Screenshot is Taken from My Wallet}

I am expecting the great change in the Steem Value beacuse I am currently engaging in many activities for the growth and development of my Account as well as the Platform.I am hopful that by actively engaging with others or sharing the quality content I will be able to achieve more than 10,000SP in my wallet at the end of the year 2023.

_{Screenshot taken from the Steemworld}

Here you can also see my all time rewards or current active SP that in the last 7 days I have earned 145.66 Sp and in 30 days it is 836SP I am very passionate to keep up my record and work hard in the future for the development of my Steem Power to earn better curation Rewards and for the Secure Future.If I keep up the same track I will be able to collect the 10,000SP soon.

Conclusion

Steem is a good investment and we are expecting the good future that It will enter the uptrend soon I have also show the expected trend by using indicator. We can easily invest through our wallets and hopefully It will prove good investment and give the good returns in the future. To gain the benefits I am also Powering up my 100% earning.

_{I invite the @malikusman1 @alihussain07 @steemdoctor1 @fantvwiki and @nadiaturrina to participate in the contest}

Thank you

Achievement 1

written by:@cryptoloover