Following on from yesterday's stellar announcement regarding the proposal to leverage the Steem Blockchain with Social Media Tokens I am not at all surprised to see Steem bullish at $1.62.

in steem •  7 years ago  (edited)

#Steem Price Chart

STEEM.png

#Steem #dMAmapping⇗⇗⇗⇗⇗⇗ Screen

STEEM dMAs screen.png

Social Media Tokens

Yesterday's announcement to leverage the #Steem Blockchain with #SocialMediaTokens #SMT is massive news and a potential game changer for #Steem as it will allow exponential scalability of the #Steem Ecosystem at an unprecedented rate.

This scalability has in essence, with the swipe of the pen, increased the demand for #Steem overnight.

As yesterday's news is chewed over by the market and the proposal to leverage the #Steem Blockchain with #SocialMediaTokens #SMT sinks in, I am not at all surprised to see #Steem bullish at $1.62.

Technical Analysis

#Steem triggered a #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert Signal on 10-May-2017 at $0.85.

From triggering the #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert, #Steem has seen a modest growth of no less than x 1.91 to the current price of $1.62.

With a current Market Capital of approx. $390m and Ranked No.20 in the #CryptoCurrency Market, #Steem has seen a steady growth these last 5 months.

Following on from yesterday's game changing news, we maintain a BULLISH recommendation on #Steem and will continue to monitor the Technical Analysis over the next few weeks/months.

Year End Target

I maintain my Year End Target for #Steem at $4.70 with a Market Capital of approx. $1.2 billion.

Thanks again for reading.

Stephen

steem dmamapping cryptocurrency socialmediatokens smt
7 years ago by

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    • [-]
      ·  7 years ago 

    Good news

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    [-]
      ·  7 years ago 

    Shared on twitter. Stephen

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    [-]
      ·  7 years ago 

    Better get them buy orders in fast. This could signal a huge take up of steem. @stephenkendal

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      [-]
        ·  7 years ago 

      damn straight! yeah u hear Kik raised millions with its crypto currency token so we should find a way to combine the SMT with the new klick project oh man imagine getting kik integration somehow LOL

      oh man we need some way to make a Steem Magazine and take advantage of SEO

      we need to drive traffic to steemit pages, take advantage of the fact that Steemit pages are a free way to host content, use marketing strategies like adwords etc

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        [-]
          ·  7 years ago 

        IMHO, even more impressive than the price rise has been the spike in volume.

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          [-]
            ·  7 years ago 

          Thanks for sharing ,

          Upvoted !

          By the way ,I started following you and I would appreciate your follow back too .
          please visit my blog and vote me too

          Its so exciting to be on the ground floor. I think most people don't realize how lucky we are to be a part of this as a community. Things of this magnitude are usually only available to the elite. If the power of the community could be harnessed the growth could be exponential

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            [-]
              ·  7 years ago 

            Late my klik upvote..

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              [-]
                ·  7 years ago 

              Let us all just relax and let the developers do their thing. It seems like they have full control of what they're doing :)

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                [-]
                  ·  7 years ago 

                any SMTtoken is an asset issued on top of the STEEM blockchain and it's traded in a SMTtoken/STEEM pair, so the steem is major trading pair for any SMT in this way it helps steem token itself.

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                  [-]
                    ·  7 years ago 

                  Congratulations @stephenkendal! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

                  You published 4 posts in one day

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                    [-]
                      ·  7 years ago 

                    Mr.Stephen
                    If you may please look at your wallet i sent you a tiny gift.
                    Omar

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