📈STEEM Investor Report 21 July 2017 (SegWit activation, Bitcoin Surging)

Trading Recommendation:

Buy, SegWit activation achieved, I expect STEEM to run to fundamental values after Bitcoin excitement dies down

Investment Recommendation:

Buy, expecting to be much higher in 6 months!

Analyst Commentary:

The STEEM price rose 17.21% verse the USD over the past 24 hours on higher and just over average volume ($2,769,980) as the entire crypto market took off on the news of SegWit activation. The high level of Bitcoin hype will likely cause STEEM to be ignored until that hype dies down. I expect the STEEM price verse the USD to rise in line with Bitcoin and then once that is complete STEEM/BTC to start rising to match our improving fundamentals. The release of communities would really help there (Hint Hint Dev Team). The rewards pool decline appears to be slowly leveling off and is doing so even faster than I predicted (recent_claims is not yet leveling off). New account creation is down to 700 accounts created in the last 24 hours. The % vested indicator rose to 72.04% showing another strong uptick in investment over the last 24 hours (big power up from @ fyrstikken). Daily active accounts is down to 22,688. The SBD inflation is up with 1 SBD worth about $1.018 which means we are maintaining peg levels. If the crypto market continues to surge we may surpass the peg again.

I continue to encourage traders to buy into this rally. For traders, believe STEEM has significant upside potential due to fundamentals. 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 look for opportunities to buy at current price levels.

Payout Recommendation

With the SBD back to $1, I'm changing my payout recommendation back to 50/50% because there is a high risk of the SBD price going significantly over the $1 peg like it was a couple weeks ago.

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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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