Steemit Crypto Academy Contest / S9W1 - Steem performance in 2023

Hello everyone I hope you people are fine and enjoy your life, I am also fine by the grace of Almighty Allah Almighty. Contest where we'll be analyzing the performance of Steem in the year 2023, its pleasure for me to participate in this engagement challenge which organised by the SteemitCryptoAcademy the name of this challenge is Steem performance in 2023 let's start:

_{Design by me on canva}

In this challenge I and you people of steemian know about Steem a blockchain-based social media platform and technical analysis of steem chat and the best thing know about how to change steem to USDT and also know about speem power so lets share my thoughts about these asking questions.

Question's

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

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

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

_{let me answer of these question which ask about "Steem performance in 2023"}

According to my knowledge Steemit is a social media platform built which is based on Steem blockchain, In Steem blockchain which posses rewards creative content creators with cryptocurrency for their contributions to the platform. As a creative content creator, I value the opportunity to earn Steem for the posts that I make on this platform. Steem blockchain allows me to monetize my content and be compensated for the time and effort I put into creating post on it. The platform operates on a decentralized system, meaning that users have more control over their content and can earn rewards based on the engagement their posts receive from other users like I earn in this post by giving vote from another user. Steemit provides an innovative way for content creators to earn cryptocurrency coin like steem and TRX while sharing their ideas and building a community around their work.

_source

I can guide you that "how to perform technical analysis" by using Trading view:

• By using Tradingview First go to Tradingview website and then select the Steem/USD trading click on it.

• And after that select a chart time frame that know you trading strategy, chart time frame analysis, we will use the monthly chart in Trading view.

• In this chart we can choose from a variety of technical indicators, like Moving Averages as you seen in my above chart, Relative Strength Index called (RSI), and Moving Average Convergence Divergence called (MACD). These indicators can help you very well like these indicators can provide identify trends, momentum, and potential reversal points in chart.

• By using chart patterns, such as support and resistance levels, trend lines, and Fibonacci retrenchments to identify potential entry and exit points for your trades, as steemit grows and attracts more users the demand for Steem May increase potentially leading to a rise In price.

• To know about steem fundamental analysis and technical analysis, to know about daily news and events that impact Steem's price, such as regulatory changes, adoption rate, and market sentiment.

Let me tell that how to transfer USDT to Steem cryptocurrency through Steemit wallet:

• _{Step number 1}
  First you need to login steem wallet account, if you forget to create steem wallet account first create it and then login,

After that click on buy Steem button, which is located in top right corner of the screen.

• _{Step number 2}

after that login or create your account and you have to open home page of Poloniex i am share screenshot like this,

after login you account check the right upper corner you have to seen BTC/USDT click on it and search Steem/USDT,

and then search Steem/USDT,

• _{Step number 3}
  After changing BTC/USDT to STEEM/USDT in you item have on home page of steem analysis, in right you have to seen the exchange of steem to USDT enter the amount home much you have to change steem to USDT,

note
_{After complete the transaction, you have to seen complete transaction in wallet as we asCryptocurrency, and you have to trasfer for exchange too like TRX, STEEM,TLM and many more.}

Currently I have 81.483 steem power, from my joining till now and expected growth of my Steem Power until the end of 2023 year, beacuse I am currently engaging in many activities for the growth and development of my Account as well as the Platform Getting steem in steemit platform by engagement challenge and friends in steemit.

It's great your community recommitted to growing my Steem Power and are actively working towards achieving it on steemit. Must know about key strategies to achieve and know creating quality content that adds value to the Steemit community. My researching topics in steemit mostly my daily activities and steemit engagement challenge that are relevant to the community and producing engaging content and I have to build a loyal following and increase your visibility on steemit platform and increasing our voting CSI by giving vote on other user and comment on his profile andSteem Power as more users engage with and upvote your content.

Keep in mind that Steem Power growth can be unpredictable, andthe cryptocurrency market is highly volatile, creative quality content and comment or vote on another user post. The best chance of success in achieving your Steem Power growth goals.