The words stability and the STEEM cryptocurrency don't seemingly go hand-in-hand.
Yet when you perform an empirical analysis of the STEEM price, you'll see that it's potential is just as exciting as any other altcoin asset!
Let's take a look at the STEEM price sentiment analysis, and I'll show you the top take-aways!
Stable Trading Pattern for STEEM
On average, the trading pattern for the Steemit cryptocurrency is very stable and consistent, typically within +/- 20%.
Based on the chart (yellow highlight), from around 10 cents to $5, STEEM consistently trades within this range. Outside of that is what I would consider the outliers.
Nevertheless, as a whole, STEEM is either up or down 20%.
Plenty of Bears, which is Great!
Unlike other cryptocurrency or altcoin assets, STEEM has a healthy, robust market full of bulls and bears.
Why is this important? Because no rally or extended bull market can last without the bears. They're the other side of the equation. Just like you can't run a marathon without taking proper rest beforehand, investing assets need a "breather" before engaging in sustained rallies.
With so many bears, I'm bullish on STEEM long-term!
Opportunities Below $5
Based on what I'm seeing, I'm confident that eventually, STEEM will hit $10 a pop.
I say that because the trading pattern below $5 is getting filled up mighty quickly. Over the next few weeks, expect traders/investors to establish strong support at $4 to $5.
good post thanks for sharing..
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Good article
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The longer we build the launch pad, the higher we will go. I wouldn't mind sticking at 3-5 dollar range for a year more. If the price can keep above 3 dollars, I'd see that as a very bullish sign towards the future.
Have you done chart for LTC? I'd guess the solid foundation building can be seen clearly there.
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Yeah, I wouldn't mind it, either...great opportunity to load up at lower prices! :)
I haven't done this same type of chart for LTC, but that will be my next one...thanks for the suggestion!
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hmm what do you think ten years ahead?, is steemit worth investing ?
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That's a tough one! I would like to think so, but in the highly-competitive world of social media, any platform could get disrupted.
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thank you, yes it is highly competitive. i hope steemit could approach more users with a friendly
and easy user interface.
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