Top 10 Cryptos
At the moment of writing, top 10 crypto assets looked stable, with 9 of them in green and one in red.
After the last two days dip, markets look undecided, although the majority of assets are posting moderate gains.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.78 on Coinmarketcap, slightly up from yesterday.
The hourly chart shows range trading just above 12k satoshis on very small volume.
The daily chart is still on a bearish trend, with very low volume as well
SBD was trading, at the moment of writing, at $0.95, identical with yesterday and still at the peg.
On the hourly chart, SBD is stabilizing under 15k satoshis, following BTC small appreciation
The daily chart is showing stabilization, on small volume
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.206 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: Another undecided start of the week, on low volume. Markets seem to be waiting for a relevant swing in one direction or another, leaning towards the bearish side. More caution should be exerted since low volumes are the perfect territory for even deeper market speculations. STEEM and SBD are holding their ground, for now. My personal outlook is still bearish short term, and neutral medium term.
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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