Top 10 Cryptos
At the moment of writing, top 10 assets were bouncing back after yesterday's blood bath, with all ten assets in green
Bitcoin is maintaining the $7,400 level but it doesn't seem to have a lot of traction here. The other alts are showing only minor corrections.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.22 on Coinmarketcap, up from yesterday in fiat and in BTC.
On the 1 hour chart, STEEM recovered about 1k satoshis, bouncing from 15k to 16k
The 1 day chart is showing two consecutive green candles, but it's still on a descending channel
SBD was trading, at the moment of writing, at $1.09, slightly up in fiat from yesterday, and up in BTC.
The 1 hour chart shows sideways trading between 14k and 15k satoshis
The 1 day chart is still flat around 14k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.887 STEEM for 1 SBD, down from yesterday, and under parity. SBD printing rate is 17.66%, down from yesterday.
Overall opinion: Markets are rebounding slightly, but on low volume. Yesterday's dive was corrected by STEEM, which seems stable now. SBD maintains the peg level.
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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