Market Snapshot - May 16th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were bearish, with half of them posting double digits corrections.
There's quite a sharp dip in the markets a the moment, but Bitcoin is still holding on above $8,000.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.77 on Coinmarketcap, sharply down from yesterday.
The 1 hour chart shows a very consistent drop from 37k satoshis to 33k satoshis during the last 24 hours
On the 1 day char, the reversal trend is stopped, the last green candle turned red and we're now in the middle of another red candle.
SBD was trading, at the moment of writing, at $2.30 on average, sharply down from yesterday.
The 1 hour chart shows the same journey down, from 31k satoshis to 26.5k satoshis.
The 1 day chart shows the same downtrend pattern as in STEEM
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.829 STEEM, down from yesterday and below parity
Overall opinion: There's a very sudden dip in the markets now and some of the assets, including STEEM and SBD, are also losing value in BTC.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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What is the reason behind this sudden dip?
This is pretty sad and weird, taking into account that we are in the middle of consensus, we should be having a slight raise in prices at least :-P
I agree with you. The market is so unpredicatable
Well you could say its also part of why the market sometimes gets really fun and exciting to be apart of, but you never get what you expect with crypto and thats fun too!
On the 1 day char, the reversal trend is stopped, the last green candle turned red and we're now in the middle of another red candle.
Hope it gets on the track soon. Just hoping for best to come.
But I see that all the encryption sites are in a big drop
Is this a sign of a new upturn
M.Sc. the case of decline
Consensus's conference is doing so good even with entey ticket of 2000$.
Its a huge success!
You can see this recent pump is only due to Consensus's conference!
I can see cryptography market is at it's deep and this the best time to buy more coin to get profit
All cryptocurrencies moving down............OMG
Thanks my friend for the daily market update. Have a nice day
Thanks for the daily update my friend. It would be nice to someday see steem on the top ten crypto list
This update is just too timely for me, my account is about 2hours old, you can just imagine I know almost nothing yet about Steem and SBD.
I will follow you right away, so as to get get daily education and updates about the blockchain.