Daily Steem Price Report 01/07/18

Market Sentiment

We cannot overemphasize the fact that Steem is one of the most promising cryptos in the market today. However, the market sentiment at the moment is looking bullish following the increasing trade volumes and the growing price of bitcoin in the last 24 hours. If the trend continues, we will see a quick recovery in the coming week.

Current Rank in the Last 24 hours:

27th place. This is five places up in the last 24 hours and worth celebrating.

STEEM Price: Yesterday vs Today!

Steem is presently trading at $1.78 (+22.4% in the last 24 hours). On a broader perspective, in the last 30 days, the price of Steem has fallen by 34% and by 213% over the last 60 days when it traded at $3.8 on May 1st 2018.

The Steem Marketcap Vs. Trade Volume in the Last 24 Hours

The Steem Marketcap as at the time of filing this report is $475,381,013 while the trade volume in the last 24 hours is estimated at $44,281,200. Comparatively, the trade volume of Steem has increased by an average of 11% across the major exchanges in the past 24 hours. I am so happy to be a bearer of good news. Let's hope this new trend becomes sustainable.

Steem, to Hodl or to Sell?

It is time to hodl your Steem because the recovery we are seeing now is good and may be a prelude to a bullish run. Or what shall it profit a man if he sells his entire Steem and is found wanting when the bulls come?

NOTE

This report was compiled relying on the statistics from the reference provided herein. While we did our best to ensure that the information provided here is correct, @steemitcentral all not bear any liability arising from any misinformation in this report.

See you again tomorrow for another edition of the evening Steem Price Report.
Reference
https://coinmarketcap.com/currencies/steem/

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