Top 10 Cryptos
At the moment of writing, top 10 crypto assets were predominantly bullish, with 9 of them in green and 1 in red.
Bitcoin recovered a little, but it's still range trading. Ethereum recovered more than 7%, but, overall, the market is still down.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.70 on Coinmarketcap, slightly up from yesterday.
The hourly chart bounced from 10.k satoshis (probably fueled by the HF 20 announcement) and it's now trading at 11k satoshi
The daily chart looks like the bleeding might be over, but it's still predominantly bearish.
SBD was trading, at the moment of writing, at $0.96, almost similar with yesterday and still at the peg.
On the hourly chart, SBD is stable at around 15k satoshis
The daily chart is stable just below 15k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.358 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: Markets are breathing a little today, but no significant volume to support a trend reversal (yet). STEEM recovered a little and SBD is maintaining the peg. My personal outlook is still neutral to bullish 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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