(LWC) ✪ STEEM PRICE ANALYSIS - STEEM GOING DOWN? ✪ 25th June, 2017 [Blog #3]

lifewithcrypto (57)in #steemit • 7 years ago (edited)

Welcome to our Daily STEEM PRICE ANALYSIS
Sunday 25th of June, 2017

Current price of STEEM and SBD on CoinMarketCap.com

STEEM's price today, Sunday 25th is at $2.08 with a 6.23% decrease in the last 24 hours.
It is currently ranked #15, by Market Cap which is at $488.18 million, with a 24 hour trading volume of $2.66 million, climbing 1 rank from yesterday's #16.

SBD's price today, Sunday 25th is at $1.67 with a 5.52% decrease in the last 24 hours.
It is currently ranked #223, by Market Cap which today is at $4.16 million, with a 24 hour trading volume of $404.93 thousand, dropping 4 ranks from yesterday's #219

Let's take a look at the 24 hour Chart evolution of STEEM

Not a lot going on today, other than a big sell yesterday noon, followed by a downward trend throughout the day. Most likely the market will start correcting by Monday. Volume is pretty constant, no spikes, nothing of real importance. We will probably see a spike in trading volume on Monday. Let's hope we start the week strong !

Let's take a look at the 24 hour Chart evolution of STEEM DOLLARS

Again, not a lot to see today. You can imagine why this is happening, right? It's Sunday! We're only seeing a downward movement, with a slight increase in trading volume yesterday afternoon, followed by... almost nothing. We'll have to wait for Monday I guess.

How STEEM and SBD evolved over the last 1 hour, 24 hours and 7 days

Today's bottom line:

STEEM is doing well, SBD is not doing that great, however nothing major. Low trading volume today, being a Sunday. We can look forward to Monday, and after the price drops of yesterday and today, we should be seeing a market correction by Monday, so looking forward to start the week strong !

Keep in mind that the POLONIEX trading platform still has the deposits/withdrawals temporarily disabled, and so the volume of traded STEEM is quite low, as POLONIEX has the largest trading volume out of all the trading platforms for cryptocurrencies.

Once they re-enable STEEM deposits/withdrawals you will see a high spike in trading volume, and regardless of the outcome, as right now, it's anyone's guess if people will jump to withdraw and cash out their STEEM or just be rushing to buy more, it means that STEEM is doing well. The more trading volume, the better any "asset" does. It's like publicity - there is no such thing as bad publicity!