📉STEEM Investor Report 13 September 2017 (Crypto Falling Again, Wait for a New Bottom)

Trading Recommendation:

HOLD, release of future front-end features could drive the STEEM price much higher, announcement of hiring of additional developers is positive news which will have lagging impact on price, Crypto is falling on new uncertainty, wait for a new bottom then buy back in

Investment Recommendation:

HOLD, expecting to be much higher in 6 months due to the release of communities and partner applications

Analyst Commentary:

The STEEM price is down 11.54% verse the USD over the past 24 hours on higher but still low volume ($849,427) as the broader Crypto market falls on renewed regulatory uncertainty (Bitcoin Drops Below $4,000 as Market Turns Uncertain). If you had a stop loss in, it should have been triggered. I suggest waiting for the market to stabilize and then buying back in. New account creation is strong at 2,100 new accounts created in the last 24 hours. The % vested indicator is down to 71.56% on a moderate power down day and continued lower investment. Pending power downs remain at very low levels and appear to be lower next week. Daily active accounts is lower at 26,075 accounts active over the last 24 hours. The SBD value is steady at $0.962 on Bittrex which is below the peg but will not likely remain there.

For traders, I believe STEEM has significant upside potential due to fundamentals and I would wait for the market to stabilize and then buy in at lower levels for a recovery rally. On the investor side, I believe we will be significantly higher at the end of the year after communities are released and the account creation problem is solved. I would power up your rewards and buy whenever we fluctuate to value levels.

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Data Credit:

Steemchart.com
Coinmarketcap.com
Steemdb.com

Disclosure:

The report published above is based on my assessment of the cryptocurrency market. Investors should consider this report as only a single factor in making their investment decision. All investments involve market risk, including possible loss of principal invested. The author is a cryptocurrency investor and while he seeks to provide honest assessments to the best of his ability may have a conflict of interest that could affect the objectivity of this report.

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