Visualizing Steem's momentum, crypto-analysis
Steem is showing excellent behavior in the market, therefore, in this opportunity we will see how to analyze, in a basic way, the behavior of this cryptocurrency.
First of all, we must know that one of the characteristics of cryptocurrencies is that they are very volatile, this means that their value or price can vary continuously, therefore, it is always important to analyze their behavior to make the best investment decision or simply to cultivate an analytical culture of this cryptographic world.
Among the factors that we must consider to analyze is the opening and closing price of the previous day, we must also review the trading volume, which is nothing more than the amount of buying and selling that is generated in a given time, according to statistics, during yesterday, there was a buying and selling volume of $ 20,487,724.03 and for today had already generated a volume of $ 43,586,124.30, noting an excellent increase in buying and selling.
In addition, we can see that the lowest Steem price during yesterday was $0.4679 and the highest was $0.5176, but, for today, Steem was trading between $0.4742 and $0.5997, which shows an optimistic behavior.
The Steem price has shown a sustained behavior during the month of March, showing an increasing support, making the Steem value quickly recover the way to the ascent, next, I will show an example of the Steem operations in the Exchange Poloniex.
On March 13, the lowest bid and ask price for the Steem was $0.4310.
However, for today's trading on March 19, the lowest Steem price was $0.5248, breaking any resistance and thus achieving , its uptrend.
There are currently 376,379,195 STEEM in circulation, which, if we wish to know the market capitalization, we only need to multiply by the current price.
During these first months of 2021, the price of Steem has managed to exceed $0.50 several times, which we can take as something really positive, making it known that it is time to continue supporting with our investment in Steem Power, and to make Steem known through the networks together with the Steemit platform.
In addition, we can visit the CoinMarket page and vote for Steem in the line just below the graph shown above.
All indications are that Steem will remain strong this month, and I wish it will break the $1.00 barrier soon....
I hope to be back soon, with the good news that Steem has managed to overcome the dollar in the market, to the satisfaction of all of us who have believed in this platform.
I thank all those who in some way provide their contribution to this great platform, and therefore, to Steem.
See you later.
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excelente noticias amigo @adeljose y amen que steemit logre eso y mucho mas
Saludos amiga @idalia87
Dios mediante así será, falta poco para que sobrepase la barrera del dolar.
Gracias por su visita y comentario.
Great job done here @adeljose. Many who do not kn will find it easy to analyse steem system chart now than before
Greetings friend chris.
That's what we are looking for, to make it easy to understand for the majority.
thank you for your visit and comment
You are welcome sir
Of course, we believe in Steem. I am just hoping that now when it is in Justin Suns' hands it will evolve more than it is. I am here for 4 years and didn't see many changes.
The Steemit and Steemit that is being presented today, is certainly better than in the previous administration "so to speak", there is more support among the communities, and there is a serious investment in the Steemit environment.
We are already seeing the results, thank you for your visit and comments.
That is great to hear. I have an idea how to make it one of the best news site out there. Maybe one day someone will hear me out.
Steem is approaching its all-time high and it pleases, great post
It has yet to reach the $10 it once cost, but now looks better supported in value.
Thank you for your visit and comment.
"Gracias por participar en The Diary Game en Steem. Esta publicación ha sido recompensada por @fendit con el apoyo del Proyecto de curación de la comunidad Steem".
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