The stronger naira, the weaker steem
Here comes another week to look at the performances of various crypto assets in the market. The object of this weekly performance analysis is to bring closer, major events taking place in the crypto market as it affects our **steem and our Naira.
For this week, I have also come furnish you with the information that has shaped the crypto market.
Market Overview
STEEM/USDT Price actions
Steem/Naira price actions
Steem/Naira Statistics
The Market Outlook
Kiyosaki opines BTC hitting $1 million
Bybit Exchange live chart
Robert Kiosaki, a renowned writer and an investor, has hinted that the top crypto currency BTC, would reach a high of $1,000,000m for 1 BTC. He holds his reasons due to the increase innovations in artificial intelligence (AI) which would bring changes into the financial system. As a result of these changes, BTC would hit $500,00 by 2025 and rising to $1m in 2030.
The BTC is currently trading at $62,000 and Kiosaki believes that it still has bullish strengths in the nearest future.
Bybit Exchange live chart
This week the price of steem against the USDT was in moderation as the price could not find a new high or make a new low.
At the beginning of the week, buyers bided the prices higher but the buying momentum could not sustain it at that price. The sellers came in and forced the price low which later attracted the back to push it up again.
Currently, buyers are exhausted and the sellers are control of the market as they have started selling off their steem. Steem is currently trading at 0.1745 from 0.1806.
As at the time of this publication, steem is trading at ₦295.11 today. This is representing still, a 0.5% in crease just about an hour with a 2.4 fall from yesterday to now. The steem value is 1.5% lower on 7 days ago.
Market Capitalisation
** 136,100,000,000 NGN**
Fully Diluted Valuation
136,100,000,000 NGN
24 Hour Trading Volume
21,060,000,000 NGN
Circulating Supply
473,651,131
Total Supply
473,720,706
Last 24Hr Closing Price
Steem/Naira: N292.730
Source
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