Market Snapshot - June 24th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were very bearish, all of them in red.
Bitcoin fell through the $6,000 level like a hot knife through a pack of butter. Two top 10 tokens which are sharing a lot of their technology, EOS and Cardano, are showing double digit losses.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.23 on Coinmarketcap, sharply down from yesterday in fiat, and in BTC.
After a short stabilization, the 1 hour chart shows another leg down, taking the price below 21k satoshis, the lowest since April this year.
On the 1 day chart the price is testing April resistance, which is at around 20k satoshis.
SBD was trading, at the moment of writing, at $1.00, down from yesterday in fiat, and in BTC.
The 1 hour chart shows the same pattern as in STEEM, only a bit gentler
The 1 day chart is looking bearish as well, on relatively low volume
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.815 STEEM for 1 SBD, slightly up from yesterday, and under parity.
Overall opinion: The bloody weekend is still on and we may see Bitcoin reaching $4,000 before Wednesday, if this trend continues. STEEM is touching April low while SBD is back at the peg. Good times for those looking to fill up their bags.
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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hard to believe that prices get so low still i think this is great time to buy
We are facing a strong downtrend in this past days. It seems the market is entering into a big FUD which can lead the prices quite down before a strong reaction reverses the bear trend.
Bitcoin has reached a year low trading below $6000 with no signs of stopping. The only clear trend we can appreciate is the overall volume decrease from early this year.
EOS strong downtrend is quickly leading the price towards its low in mid-April when it was trading at $4
Steem also reached a year low and as pointed yesterday, it is getting closer and closer to the $1.
Unless a strong reaction changes the scenarios, we will end up having all cryptos at mid last year values agani.
Finally SBD has reached it's peg at $1.00, now using SBD as a hedge against the lowering of the STEEM price might be the best option for now.
Can you explain it a little?
It's a good time to buy. Tokens are cheap.
Oh yeah it will benefit in the long run! Thanks
If you have some spare cash laying around buy some more cryptocoins that you believe in.
I envy a bit the whales that are filling their gigantic bags in this bearish market. :-)
Yeah I am planning to buy some. Currently I wanted to buy 100 STEEM. Hope it will bring some good profit. :)
your link has helped me know when i get paid..thanks
This is real.
I hope we can make things happen right now.
Alot of us are waiting.
Is it right to convert steem to sbd now
How to do so Income Brother Say a little prayer.
Please upvote: https://steemit.com/free/@bible.com/4qcr2i
Coins mentioned in post:
Blood bath in the market. No one wants to see this. :(