📈STEEM Investor Report 16 September 2017 (Time to Buy In!)
Trading Recommendation:
BUY with stop loss at $1.00, 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
Investment Recommendation:
BUY, expecting to be much higher in 6 months due to the release of communities and partner applications
Analyst Commentary:
The STEEM price is up 27.33% verse the USD over the past 24 hours on lower volume ($1,181,680) as the broader Crypto market appears to have bottom and is recovering. I recommend buying in at this level with a stop loss at the $1.00 level in case more negative news comes out. New account creation is strong at another 1,500 new accounts created in the last 24 hours. The % vested indicator is down slightly at 71.61% on a heavy power down day and big power ups from @minority-report and @lifewordmission. Pending power downs remain at very low levels and appear to be lower next week. Daily active accounts is down slightly at 25,914 accounts active over the last 24 hours. The SBD value is higher at $0.971 on Bittrex which is just below the peg.
For traders, I believe STEEM has significant upside potential due to fundamentals and I would buy in 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 at current value levels.
Marketing Trust
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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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