📈STEEM Investor Report 2 December 2017 (STEEM Rising Verse Bitcoin)

Trading Recommendation:

BUY, STEEM is gaining ground on Bitcoin and has the volume to sustain

Investment Recommendation:

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

Analyst Commentary:

The STEEM price is up 18.97% verse the USD over the past 24 hours on higher volume ($4,398,600) as Bitcoin stalls out at $11k and traders pile back into several altcoins. SBD is also experiencing a pump which is helping boost the price of STEEM. If the break in the Bitcoin rally continues, STEEM could approach my upgraded fair price target for STEEM at 0.00018 STEEM/BTC or $2.00. New account creation data is not available today. The % vested indicator is down slightly at 73.98% on a moderate power down day and big power ups from @imacryptorick, @jrcornel, and @corn113. Pending power downs remain at very low levels and appears to have bottomed out in future projections. Daily active accounts data is not available today. SBD is pumped up to $2.46 on Bittrex, so sell what you got now for STEEM. SBD conversions are a waste of money again!

For traders, I believe STEEM has the ability to move much higher with an estimated fair value at $1.80 to $2.00. 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 at current value levels.

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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