Steem (STEEM-USD) Cryptocurrency is currently on bullish momentum by 12.04% in the last 6 hours. At 20:16 EST on Monday, 24 May, Steem (STEEM-USD) is at $0.62.
Steem (STEEM-USD) Range
About Steem’s daily highs and lows, it’s 12.13% up from its trailing 6 hours low of $0.55 and 0.53% down from its trailing 6 hours high of $0.62.
Social Status
Currently, Steem (STEEM-USD) has 13860 Twitter followers and 3945 Reddit subscribers.
As of now, on Github, there are 784 forks, 1900 stars, and 238 subscribers.
Volatility
Steem’s last week, last month’s, and last quarter’s current volatility was a negative 5.51%, a negative 0.86%, and a positive 7.37%, respectively.
Steem’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 10.34% (last week), 8.28% (last month), and 7.37% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Steem’s crypto is considered to be overbought (>=80).
News about Bitcoin
Papa Johns is giving away 10,000 slices of pizza to celebrate Bitcoin pizza day. the fast-food chain explained the reasoning behind the giveaway. According to Business Insider on Saturday, 22 May, "He said: "Celebrating National Bitcoin Pizza Day felt like a natural extension of Papa John’s historical tie to the bitcoin story. "
Bitcoin sees green as the pendulum shifts to FOMO. According to FX Empire on Monday, 24 May, "The Bitcoin Fear and Greed Index currently hovers at 10, which illustrates that sentiment has shifted from a reading of "greed" earlier this month to "extreme fear" as investors fled for the exits. "
Elon Musk met with Bitcoin miners to discuss making the cryptocurrency more environmentally friendly. According to Business Insider on Monday, 24 May, "The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide," Saylor said in a tweet.", "Bitcoin mining consumes over 113 terawatt-hours per year, slightly more than the country of the Netherlands at 110 terawatt hours, according to a real-time estimate from the University of Cambridge’s Bitcoin Electricity Consumption Index."
Bridgewater’s Ray Dalio says he prefers Bitcoin to bonds. According to Bloomberg Quint on Monday, 24 May, "Ray Dalio, founder of Bridgewater Associates, said he would rather own Bitcoin than a bond.", "The hedge fund manager has previously called Bitcoin "one hell of an invention" and that he found it challenging to put a value on digital assets since investing in Bitcoin means recognizing the potential to lose about 80%."