STEEMIT Update Series: E.4 -STEEM SMASHES the $100M Market Cap last night! Gains $5M overnight. Price MOONS to ~50-53¢ USD + stable there after a day. Up ~ 40% today. WE are a part of HISTORY here.

in #steem7 years ago (edited)
STEEMIT Update Cover 863x514.jpg

Milestone yesterday: STEEM price crossed the $100M market cap volume for the first time since the Gold Rush days -- last summer!! (July/August) -- before most of us were around in those rich days LOL

STEEM had seen a run of MANY days above 20¢ - then above 30¢ as we have seen and posted about in recent days. That is very good news for the Steemit Community!


It crossed the 40 and 50¢ thresholds in the last day and change and has stayed there, in the 50¢ which is encouraging!


Here is the Record Breaking last 24 hours in the 1 Day Chart! (Polo) - See the dips but sustained value peaks?



BUCKLE UP CRYPTO FAMILY!!!!


1 Month Chart on Poloniex: Look at the last 2 weeks!

STEEM's Market Cap is $124.5M today.



When the price of STEEM rises, it is good for the whole community and signals good things to the rest of the Market too.


17th in Market Cap. STEEM Crypto regularly places in the Top 20!


I decided to make a more official and regular Steemit Update Series with artwork and cover page as I have done for other things on Steemit.




Thanks for reading, have a nice day.




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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.

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Things are going CRAZY wild!

It's more interesting than a twister thru the Saskatchewan Prairies yee haaaaawwww!!!

80 posts to go and countdowning til my 10k milestone for post count!

Have a good week my man. Thanks for the support!

Great milestones all around! keep up the great work!

I made it!

Howdy friend...

I hit the 10k post count last nite - I am top 10 all time now in total post count..... I am 6th if you take out the bots and only count humans LOL!

https://steemit.com/steemit/@barrydutton/some-good-news-steemit-milestones-thanks-i-hit-10-000-posts-finally-lol-a-fun-post-includes-milestone-stats-overview

Thanks for the update! Things are moving so quickly, it's hard to keep up sometimes.

There only about 760 currencies to track, what are you sayin??

LOL

Have a nice week Deb!

ROFL! I know, right?!!?!

Oh, btw, you might want to check out this month's story slam. I think you'll have a good shot with this one...

I will head over but if it is an audio/video one like usual, I will park on the sidelines as you know hahaha.

It is, BUT it only involves finding a story online & bringing it back here. I know you can do links...

Our friend here who is very sharp, had this to say on his TA charts today and a post on it (Technical Analysis) - His post came out a few hours after this blog post here of mine.


A major bullish signal happened today on the daily STEEM/BTC chart, one of the strongest bullish signals known to the market - a "golden cross" of the 50 simple moving average (SMA) over the 200 SMA. Of course, this is no guarantee that price will continue to climb and climb from here, but it is a statistically dependable indicator that the "momentum" of the market has turned to the upside.

My best guess would be that price corrects downward from this resistance zone and takes a few days to weeks to test the new support zone and/or keeps within a smaller price range until the 50 SMA catches up. Moving averages often act as strong supports to further price advancements.

The golden cross is considered one of the most reliable indicators of long, trending moves, but it's usually not a good "buy signal" in that price usually corrects a bit after the cross happens before it continues the move up. In other words, it's a signal to look for logical points of entry, such as a test of the 50 SMA or the support zone.


Follow @jamesbrown for good crypto advice too!

Cool info ! I will check out his post ! Thanks for the link !👍👍👍😊

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Thanks a lot.

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