📈STEEM Investor Report 5 July 2017 (Crypto Market Stalling, STEEM holding ground)

Trading Recommendation:

Buy, broader crypto recovery starting

Investment Recommendation:

Buy, expecting to be much higher in 6 months!

Analyst Commentary:

The STEEM price rose 0.90% verse the USD over the past 24 hours on higher and close to average volume ($2,943,780) as the broader crypto market stalled with STEEM resisting the pullback many others are experiencing. Now that the holiday is over, traders returning to the grind are digesting the current state of the market and plotting the course from here. Bitcoin transaction backlog is likely still weighing heavily on the market as the 1 August cutoff for a solution approaches. The rewards pool decline appears to be slowly leveling off (it is hard to see so I drew a trend line to help show it). I put out a data call post for help gathering the data to do statistical analysis of the rewards pool. New account creation is down slightly but still strong with 1,700 new accounts created in the last 24 hours. The % vested indicator rose to 71.26% and has remained essentially flat for over a week now (this is great news for our long term price level). Daily active accounts fell slightly probably due to the US holiday to 20,832. The SBD inflation is down slightly with 1 SBD worth about $1.337.

The broader crypto market is mounting a recovery from the correction we have been experiencing over the past 2 weeks. For traders, I recommend buy in because I believe our fundamentals are strong enough to see a significant rise in price. 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.

Introducing the @psa account

I created the @psa account to contact users who are making mistakes on the Steem blockchain that are having negative effects on themselves or the blockchain. The first campaign is SBD conversions to STEEM which are costing the user's $0.337 per SBD converted at today's rates. Over 100 SBD->STEEM conversion notifications have gone out so far!

Payout Recommendation

Due to the SBD premium, I recommend taking your rewards in 50% SBD and using it to buy STEEM in the internal exchange.

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:

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.

Discord Chat:

You can reach me on Discord on my private server or through private message to LeongKhan