Market Snapshot - August 13th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were mixed, with half of them in red and half of them in green.
The beginning of the week seems just as undecided as the last month.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.97 on Coinmarketcap, slightly up from yesterday.
On the 1 hour chart, STEEM entered a corridor between 15k and 15.5k satoshis and it's staying there
The daily chart is stabilizing after a couple of sharp drops last week
SBD was trading, at the moment of writing, at $1.02, almost identical with yesterday, in fiat and in BTC.
The 1 hour chart shows SBD trading sideways, maintaining its peg
The daily chart is stabilizing as well around 15k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.012 STEEM for 1 SBD, down from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: An hesitant start of the week, with no clear direction for the market so far. We will have to wait to see where the price really wants to go.
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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No clear direction yet but Bitcoin seems to have slowly moving up and is pointing towards the $6500 resistance level this morning. There was a big volume dogi last evening after the market crossed the 100MA line which has acted as a support during the night. If volume comes in we may see a nice bull day.
EOS is on a trading range triangle still around the $5 level. It is just trading over the 200MA but nothing shows a clear direction yet, although if bitcoin starts moving up it will probably follow.
STEEM is also on a trading range just below $1 and volume is slowly decreasing, although it has touched that level twice since yesterday and has just crossed the 200MA line. It could cross the psychological $1 today if bitcoin pushes up all altcoins.
Just last month the value of steem was far better than sbd. Now its the opposite.
We will keep on watching.
Half the market is still red. Only good thing about market report is steem is stable
steem holding the base line nicely hopefully we will see some upmovement too
A cautious market start for the week...Just wait and see...Patience Game...
Still painful to see the prices but at least we are not bleeding like stuck pigs anymore.
Stellar Lumens is the only bright spot that I have today and I am taking my pleasure where I can.
bitcoin is showing good stability from last two and three days, It's a good sign.
Btc looks good. But i am very worry about sbd and steem.
Good inform , thanks for sharing your information @dragosroua
Good one, take a look at my new article crypto market too ..