Market Snapshot - April 21st 2018
Top 10 Cryptos
At the moment of writing top 10 assets were extremely bullish, with all of them in green and 2 of them, Bitcoin Cash and EOS, posting double digit growth.
Bitcoin spiked above $8,800 testing $9,000 in a rather daring attempt. All other tokens seems to be on a recovery uptrend.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.14 on Coinmarketcap, up from yesterday in fiat, but down in BTC.
The 1 hour chart shows flat trading with a steeper correction back to 35k satoshis from yesterday test level at 37k satoshis
The 1 day chart shows a consistent downwards correction, but on low volume
SBD was trading, at the moment of writing, at $3.28 on average, up from yesterday and above STEEM.
The 1 hour chart shows a flatter pattern than STEEM's, which resulted in SBD depreciating less than it (that's how it's above STEEM now)
The 1 day chart shows a correction down to 36k satoshis, but again, very low volume, which makes the bullish trend still plausible
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 1.040 STEEM, up from yesterday and slightly above parity
Overall opinion: Markets seem to accelerate the bullish trend (which is not necessarily a good thing, because usually there are consistent corrections after such a sprint). As usual, when Bitcoin appreciates, value flows from alts to Bitcoin, devaluing them slightly. STEEM is still keeping its ground at 35k satoshis.
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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Finally it seems bull run have started, which i hope should continue for next 3 months.
Right now, I'm more concerned about steem and I love what it is presenting us. Prices are encouraging and more encouraging that the fluctuations are not as sharp and as frequent has it used to be. Prices are generally stable.
At least stable enough that we feel that it won't go to $0 tomorrow.
Even if bitcoin falls a bit after this blish trend, I dint think steem and sbd will fall so much because in the past few days, we have seen a constant rise in sbd and steem which of course wasn't as a result of a pump action so the market still looks owk to me.
I agree. This increase in Steem/SBD price has been much more stable than recent examples.
Good news to see these figures like this.
So happy
It’s nice to see so much green on coinmarketcap, including Steem. Thanks for your analysis.
I'm very happy especially now that the market is turning around for good. They'll be no chances for pessimist to come and discourage investors any longer
It's quite refreshing to see the market recovering. I bet a lot more people will have faith on cryptocurrency.
Could be the other way around, too, with faith creating a recovery.
Steem and sbd are dealing better with the btc bull run that many other currencies, hopefully we will get even more of this bull run money into steem :-D
I can't wait to see steem on the top 10 when we start directly competing with Ethereum for the token market.
Steem used to be top 10. That was back when nothing was worth much!
It's a green Saturday morning. Just happy over here with what I'm seeing..