📈STEEM Investor Report 31 December 2017 (Bitcoin and Broader Market Up Slightly)
Trading Recommendation:
HOLD, STEEM may stabilize at the $3 level
Investment Recommendation:
HOLD, 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 5.93% verse the USD over the past 24 hours on lower volume ($3,686,200) as Bitcoin and many altcoins are up slightly. STEEM continues to hold its ground versus Bitcoin at this time but will likely fall if Bitcoin begins a new rally. The SBD pump is continuing with the over inflated value of SBD helping to drive STEEM higher. New account creation data is not available today. The % vested indicator is up slightly at 75.26% as the inflated SBD value continues to drive investment. SteemDB power down statistics has been down for the past week and I no longer have enough data to track pending power downs. Daily active account data is not available today. SBD is at $7.24 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 $2 level.
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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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Nice info. Resteem 👆👍
Greetings from Tina ☺