📈 STEEM Investor Report 30 March 2017

Trading Recommendation:

The arbitrage opportunity is back and it's pumping the STEEM price on the off Steemit exchanges, however, STEEM withdraw may be paused by exchanges due to the hardfork

Investment Recommendation:

SELL or HOLD, fundamentals are not following the STEEM price movement, therefore a return to near previous levels is likely

Analyst Commentary:

The STEEM price rose 3.10% verse the USD over the past 24 hours on higher volume as the STEEM price was pumped by arbitrage opportunity on SBDs. The exchange I use (Poloniex) has locked Steem due to the pending hardfork but if your exchange is open I encourage you to take advantage of the price differential and in the process help drive down the SBD price on the exchanges. On the investor side, I believe the fundamentals continue to be negative and therefore I'm bearish on the STEEM price over the next couple weeks. The % vested indicator continues to trend negatively and Steemd.com was not available today for me to pull Active Account information.

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.