Market Snapshot - March 12th 2018

in steem •  10 days ago

Top 10 Cryptos

At the moment of writing top 10 assets were all in green, following a Bitcoin rebound above $9,000.

Screen Shot 2018-03-12 at 10.10.47 AM.png

Although consistent, the gains don't make up for the last week losses, keeping the market still bearish.


At the moment of writing, STEEM was trading, on average, at $2.56 on Coinmarketcap, up from yesterday.

On Bittrex, the 30 minutes chart shows another attempt to break over 28k satoshis, followed by a correction back to 26.5k satoshis

Screen Shot 2018-03-12 at 10.11.11 AM.png

The 1 hour chart shows the failed breakup kept the price in the same 26k-28k corridor.

Screen Shot 2018-03-12 at 10.11.23 AM.png

The 1 day chart is showing a very small green candle with an upper week, which can be read as: "consolidation on a bear trend".

Screen Shot 2018-03-12 at 10.17.06 AM.png

SBD was trading, at the moment of writing, at $2.60 on average, up from yesterday. The 30 minutes chart on Bittrex shows the same breakout like on STEEM chart (and it's probably the cause of that one too).

Screen Shot 2018-03-12 at 10.17.15 AM.png

The 1 hour chart shows that the spike somehow managed to keep the price just a tad higher than before.

Screen Shot 2018-03-12 at 10.17.20 AM.png

The 1 day chart shows a very small rebound, on insignificant volume:

Screen Shot 2018-03-12 at 10.17.29 AM.png

SBD to STEEM Ratio

At the moment of writing, according to, you could buy 1 STEEM with 1.016 SBD, slightly up from yesterday but basically at parity.

Screen Shot 2018-03-12 at 10.17.58 AM.png

Overall opinion: Markets rebounded strongly during the weekend, but they're taking a flat turn now. SBD rose slightly above STEEM again, while both currencies are maintaining their current value in Bitcoin and appreciating slightly in fiat.

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.

Dragos Roua

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The bitcoin sell-off appears to have been stopped with Mt. Gox BTC selling be mostly over by now.

Green day

seems good that steem and bit coin gains some pace. Thanks for sharing @dragosroua

So nice to see the market like this

BTC still can not break 10k hope to have few more days like this

Hey nice dude👍 Yea stem is basically parity with SBD. Would need a good pump in volume for btc moving up to reflect on these ‘better’ alts. Was gettin in at 3200 sats but glad I’m following you. Thanks for your post mate

As i am new in crypto so its very difficult for me to understand these graphs .But i can understand the first top ten crypto assets.And i wanted to ask you what is marketcap?The rate at which crypto is selling?

Its good that market is going up although this growth is very small but it grow
Its time to hold hope price of SBD is also go Up soon its a little bit growth
Thanks for sharing information

Green day everybody :)

sooo what your telling me is this is super depressing...

Detailed information about crypto Thank you for this effort
I do not know whether the product will return to its previous level or not
Steam falls to its lowest level
Since its creation
On which hope is best in the days

Wooo good

It is good to see market in the green zone. No matter how small, a green is an encouragement. Hope we get more good news this week.

well post..

great to see some green green. Thank-u @dragosroua for the brief update

slightly moving up which is great after the great correction of corrections

Uuuh, green ones! Long time no see! Hehe

Note that SBD has a decreasing then increase but the fall is higher than the increase. Easy, easy to reach parity 1: 1 !

Your crypto market update information really very helpful for every crypto user. Every investor can follow you to get update information from your post.


It Help full but not enough that you upvote it, I think its to much helpfull

I'm sure that STEEM price will eventually rise, but if some problems aren't solved (the main trending page looks like a battle between whales not an actual posts) I don't think steemit could last that way.

It's always interesting to look at the market after the weekend, and I'll be keeping a keen eye on how things develop over the next 24-48 hours as people start to trade more frequently again. I'm eager to grab some discounted Steem before the next bull run.

Coming back down slightly hopefully will be in this price range for long

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