📈STEEM Investor Report 4 December 2017 (STEEM Rallies at Bitcoin Stalls)

Trading Recommendation:

BUY, STEEM volume is high and gaining ground verse Bitcoin as the Bitcion rally stalls

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 10.79% verse the USD over the past 24 hours on lower volume ($4,936,640) as Bitcoin stalls out and STEEM gains verse Bitcoin. STEEM is one of the few altcoins advancing verse Bitcoin over the past 12 hours which is bullish indicator. SBD is holding its over inflated value which will help to drive the STEEM price higher as it is traded for STEEM. New account creation data is not available today. The % vested indicator is flat at 73.99% on a moderate power down day and big power ups from @imacryptorick and @streetstyle. Pending power downs remain at very low levels and continue to decline in future projections. Daily active accounts data is not available today. SBD is at $2.23 on Bittrex which is still very elevated over the peg, 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.

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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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