📈STEEM Investor Report 5 September 2017 (Market Stabilizing, Recommend Buying In)
Trading Recommendation:
BUY, release of future front-end features could drive the STEEM price much higher, announcement of hiring of additional developers is positive news which will have lagging impact on price, at possible bottom now
Investment Recommendation:
BUY, expecting to be much higher in 6 months due to the release of communities and partner applications
Analyst Commentary:
The STEEM price is up 1.01% verse the USD over the past 24 hours on higher volume ($1,643,190) as the Crypto stabilizes after the declines of the past 48 hours. STEEM appears to have bottomed with respect to Bitcoin which has created a buying opportunity for both traders and investors. I recommend buying in at this level but traders should maintain a stop loss around $1.05 because the Crypto market could crash again on any bad news (very sensitive right now). New account creation data is strong at about 2,200 new accounts created in the past 24 hours. The % vested indicator is up to 71.95% on a moderate power down day and big power ups from @redes, @craig-grant, and many other value investors. Pending power downs remain at very low levels and appear to be lower next week. Daily active accounts is up with 27,411 accounts active in the past 24 hours. The SBD value is up to $1.00 on Bittrex which is right at the peg.
For traders, I believe STEEM has significant upside potential due to fundamentals and I would use the current value levels to buy in for a recovery rally. 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 buy at these value price levels.
Marketing Trust
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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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New members and not to mention.... ZAPPL, the twitter wiper outer! Yummmm!
Thank your for your report @leongkhan!
I always look for them.
H. G.
I love this post! Glad to see that we're primed for a price boost - it does feel like we've been doing a good job of holding the price steady and creating value as Steemians, and hopefully as these new features roll out we'll be able to make that jump to a "new normal" of $2+.