Market Snapshot - June 8th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were slightly bearish, with 9 of them in red and 1 in green.
The losses are very small and it seems just like a correction before another bullish weekend.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.29 on Coinmarketcap, slightly down from yesterday both in fiat and in Bitcoin.
The 1 hour chart shows bearish pressure, on low volume, testing the 30k satoshis resistance level
The 1 day chart shows a small red candle, but if the resistance is broken, the price may go even lower
SBD was trading, at the moment of writing, at $1.67, , slightly down from yesterday.
On the 1 hour chart, the 22k satoshis resistance was broken
The 1 day chart shows a small red candle, but there's not much resistance underneath it
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.726 STEEM for 1 SBD, up from yesterday, and under parity.
Overall opinion: Trading activity seems scarce and we're probably heading towards the "holiday mood", with overall lower interest in the markets. STEEM and SBD both lost in value, on low volume.
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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The day before yesterday, coin market cap had SBD as high as $7 while exchanges where still trading at $1.7
Do you know of any reason for that?
It was due to the Manipulation Created by the big fishes on HITBTC.
They pumped the SBD with the low volume just to make the profit.
I hope SBD rate high level again on quickly ..
Thanks for sharing , i am waiting your next update news @dragosroua
things are going down again :( sad :( when we see the rally ? :(
Ah i hope this "holiday mood" is a good news.
Steem needs to make me happy please
Nothing, really, I'm not interested in that one.
oh i see
Mehn again steem is trading on the lower side.
I thought of cashing out some of my SBD but I don't think that's a good idea as of now.
Unfortunately again the crypto market is showing red. Let's hope for the best @dragosroua
Anticipating for a wonderful holiday ooo
Steem please put smiles on my face
EOS Mainnet should be UP and running by tomorrow night at this TIME. It is an Historic Day in Crypt0............@dragosroua
Yes, excluding EOS others are on the Red trend and genuinely speaking the current position of Steem and SBD is not that effective and hoping for the better results, and in my opinion it's due to movements of Bitcoin and if position of Bitcoin improves then for sure Altcoins will also respond with uptrends. Thanks for sharing this post with us and wishing you an great day. Stay blessed. 🙂