Market Snapshot - Day Twenty Four
This is my twenty fourth day from the 30 days writing challenge I'm doing during January. Basically, I'm writing each day an article on a topic that I'm interested in, or something that I'm just learning. I tag these posts with #challenge30days, if you want to join, all you have to do is to use the same tag. Each day I will also pick 3 articles and give them a full upsteem. For all the details and the motivation, have a look at the introductory post.
Top 10 Cryptos
At the moment of writing, top 10 cryptos were all in green, with only 1 token posting a small loss.
Bitcoin is back over $11,000 and ETH over $1,000 on a cautious recovery. EOS is consolidating its position on top 10, following a few strong PR moves. All tokens seem to trade slightly up, but not covering yet yesterday losses.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $4.33 on Coinmarketcap, slightly up from yesterday. On Bittrex, the 30 minutes chart shows a breakout attempt over 42k satoshis (led by SBD price, most likely, see below) followed by a correction down to the initial level, 39k satoshis.
The 1 hour chart shows sideways trading, with slightly higher lows.
The 1 day chart shows another very small correcting candle. Price seems to be hovering around 39k satoshis.
SBD was trading, at the moment of writing, at $6.76 on average,sightly up from yesterday. The 30 minutes chart on Bittrex shows an attempt to drive the price over 70k satoshis (which correlates with STEEM 30 minutes chart bump). It didn't succeed, but the correction stopped above 61k.
The 1 hour chart shows there's still upwards pressure, as the correction stopped higher, but 70k satoshis resistance seems hard to break.
The 1 day chart shows a green candle, indicating potential stabilization around 60k, or even a reversal upwards.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.563 STEEM with 1 SBD and the trend seems to stabilize around this area.
Overall opinion: SBD seems to keep traders interest, and we may see further pumping attempts. STEEM is growing slower, but it's still growing. Both tokens are, on average, more resilient and stable than top 10 currencies (in terms of absolute loss and gain).
Previous Posts In The Challenge
- Markets Snapshot - Day One
- Markets Snapshot - Day Two
- Markets Snapshot - Day Three
- Markets Snapshot - Day Four
- Markets Snapshot - Day Five
- Markets Snapshot - Day Six
- Market Snapshot - Day Seven
- Market Snapshot - Day Eight
- Market Snapshot - Day Nine
- Market Snapshot - Day Ten
- Market Snapshot - Day Eleven
- Market Snapshot - Day Twelve
- Market Snapshot - Day Thirteen
- Market Snapshot - Day Fourteen
- Market Snapshot - Day Fifteen
- Market Snapshot - Day Sixteen
- Market Snapshot - Day Seventeen
- Market Snapshot - Day Eighteen
- Market Snapshot - Day Nineteen
- Market Snapshot - Day Twenty
- Market Snapshot - Day Twenty One
- Market Snapshot - Day Twenty Two
- Market Snapshot - Day Twenty Three
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
I really love this new series of yours. Steem and SBD are the future currencies.
Excellent analysis of both steem and sbd and i am happy to see that both steem and sbd are growing nicely, thanks for creating and sharing the daily analysis post with us, it's so helpful, Stay blessed
Uh I expected Steem to get back at SBD, sitting all-in on Steem right now, waiting to trade...
OpenLedger Steem deposits/withdrawals still offline, don't know why
I don't see these happening soon as traders are enjoying the pump as it gives them more steem which I think is the reason behind the sbd pump.
Did you try to convert STEEM to BTS using OpenLedger, instead of depositing STEEM? I reckon this works, I tried yesterday.
Well that has extra 10-15% hidden fees I think...
You get so bad deal, it kinda destroys the point of transfer
The steem.supply tool is very useful. And we could sure use a boost on the sbd....desperate in need of money...:)
Further pump of sbd is inevitable as it is targeted on acquiring more steem with it as steem is the future.
I'm interested in following him, it's just that I can solve this challenge
Thanks for information of market price, very nice, amazing post and good sharing
the good thing about the price of steem and sbd is, it is not a result of pump and dump.. it is slowly rising which make me trust that the price will not fall hard. If it break 72K satoshi it will be fun haha..
This is what always stands out to me (in a very good way) when checking gains/losses in the markets each day.
a good stable day over all thanks for sharing the update