📈STEEM Investor Report 18 January 2018 (Bitcoins Rallies 15%, Whole Market Surging)

Trading Recommendation:

Hold, STEEM currently rising, still significant risk of falling if SBD returns to $1

Investment Recommendation:

HOLD, expecting to be much higher after the release of communities, SMTs, and partner applications

Analyst Commentary:

The STEEM price is up 31.02% verse the USD over the past 24 hours on higher volume ($26,125,100) as Bitcoin rallies to $12k and the broader market surges as the correction appears to have broken. STEEM has held its ground verse Bitcoin over the past 24 hours which shows continued strength (likely due to the inflated SBD price). New account creation is strong at 800 new accounts created in the past 24 hours. The % vested indicator is up at 75.18% as the elevated SBD price continues to drive power ups. I've updated the daily power down graph and the two spikes on there are the @steemit power downs blowing out the graphs (I would have to change to a log scale to make them readable). Daily active accounts is down at 50,332 accounts active in the last 24 hours. SBD is at $4.28 on Bittrex which is still very elevated over the peg, receive you rewards in 50% SBD and then use the SBDs to buy STEEM on the exchange. SBD conversions are a waste of money again!

For traders, I believe STEEM is fairly valued around the $3 level and can not continue higher without the actual launch of new features or a audience expanding partner project. On the investor side, I believe we will be significantly higher after communities are released and the account creation problem is solved (the timeline for this is currently unknown). I would power up your rewards and buy after STEEM corrects to the $3 level.

Marketing Trust

Please support the @marketing-trust by following and upvoting the daily posts. The project was created to generate capital for a paid advertising campaign to promote Steem.

Data Credit:

Coinmarketcap.com
@penguinpablo Daily Report
Steemd.com
Steemdb.com
Coindesk.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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