📈STEEM Investor Report 20 May 2018 (Bitcoin Up and STEEM Flat)

4년 전

Trading Recommendation:

BUY, price drop is an opportunity to buy, significant risk of STEEM falling if SBD returns to $1

Investment Recommendation:

BUY, expecting to be much higher after the release of communities (coming soon), SMTs, and partner applications

Analyst Commentary:

The STEEM price is up 1.44% verse the USD over the past 24 hours on lower volume ($5,425,760) as Bitcoin rises to $8.5k and the broader market is up. STEEM is down slightly verse Bitcoin as Korean trading remains low at 29% of the trading volume. New account creation data is not available today. The % vested indicator is down at 71.18% on declining power downs but lower power ups. Daily active account data is not available today. SBD is at $2.25 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 even after SBD returns to the $1 peg. If SMTs and communities have the expected impact of broadening the use cases of the STEEM blockchain, STEEM could be fairly valued at $8 or more. 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 STEEM below the $3 level.

Investment Report 20180520.png

Data Credit:

@penguinpablo Daily Report


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.


I'm a member of the SmartSteem team. Earn income by selling your votes or promote posts by buying votes through the banner below (referral link).

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  trending

I keep waiting for Steem to get above Verge, but it doesn't quite make it. It's still looking good


We seem to be fairly stable at the $3 point. Looking good until new features come out.

nice and interesting post keep going for more