The STEEM / TRX Ratio is pulling away from the 10:1 peg suggested last week with the trend in favour of Steem. Both Assets are currently out performing Bitcoin.
#Promo-Steem - Helping to Support and Promote #Steem and #TRX around the World
Supporting and Promoting the #Steem and #TRX Strategic Partnership
Over the past few weeks I have been closely monitoring the #STEEM / #TRX Ratio and last week suggested that there appeared to be a 10:1 peg loosely being formed.
Earlier on I was about to post an update on this with the following front cover.
Drilling Down Deeper
However, just before I published the Blog I decided to drill down a little deeper into the Data.
The drilling down suggests that the #STEEM / #TRX Ratio is now in fact pulling away from the 10:1 peg suggested last week with the trend in favour of #Steem.
#Steem / #TRX - Daily Data
#Steem - Chart 1
#Steem - Chart 2
#Steem - Chart 3
#TRX - Chart 1
#TRX - Chart 2
#Steem / #TRX (Ratio)
Conclusion
The Conclusion to this is that it appears to be that #Steem is somewhat stronger of the two Assets which has come as a pleasant surprise.
Holding both Assets
As a current holder of both Assets I would like to see both do well and what is great to see is that over the past few months both Assets have out performed #Bitcoin which has underpinned the recent growth we have witnessed for the pair.
Looking forward to keeping a very close eye on this Ratio over the next few weeks.
Thanks again for reading.
Stephen
It is moving around a lot @stephenkendal; I'm just reading this post three days later, and right now TRX is 13.8c on Coinmarketcap, so the 10:1 ratio has now swung the other way; TRX has been on a tear for the past 4-5 days.
The difference, of course, is that it's a lot easier to "move" the price of a token with a $400M marketcap than one with a $10B marketcap... not sure what's causing TRX to move up so suddenly.
Both seem well-poised, though!
@stephenkendal about the increase in Steem and TRX has been gradual and you counted in the last few weeks. Although the TRX has taken more pronounced jumps, both currencies bring a great projection in the coming months. These positive changes that Steem and TRX have had, are giving our platform a lot of momentum.
Greetings....
I shared this publication on my twitter, to keep all my followers informed of this good news.
Really it’s a fantastic week for both steem and TRX, hope this will be more fantastic the end of this month, thanks for your promotion, share done on Twitter.
I am so glad the promo of steemit is getting so much intense. Especially with the price getting so much better to surpass many others. There's this feeling l get in sharing or talking to people about steemit. I am excited that, many people l have once shared steem with will certainly believe in whatever l gave them. When steem becomes the talk of the day, nothing else matters. Thanks always for sharing this update sir @stephenkendal
The growth of steem is incredible this week. Does it mean it may even grow bigger than what we see? But it is a piece of good news to tell the world. Thanks also @stephenkendal
We are so glad to see steem and trx price.the price of steem and trx is satisfiable.
I hope that in the future #steem and #tron will grow and always work together, and can dominate the crypto market
@stephenkendal sir,I am very happy to see the price of Steem and TRX. I hope some better Steem and TRX. The price of Steem and TRX is satisfactory.
Shared on twitter.
Please help to support the promotion of #Steem and #Steemit by sharing your Blogs to twitter.
Stephen
https://twitter.com/StephenPKendal/status/1377683120267390987
@stephenkendal this news is very gratifying since every time the Steem or the TRX go up! There will be more users who will enter our platform, to invest and make Steemit grow more.