📉STEEM Investor Report 18 August 2017 (Broader Market Down)

Trading Recommendation:

Buy, rising Bitcoin will benefit STEEM

Investment Recommendation:

Buy, expecting to be much higher in 6 months due to the release of communities and partner applications

Analyst Commentary:

The STEEM price fell 2.81% verse the USD over the past 24 hours on low volume ($1,138,020) as Bitcoin and the majority of the crypto market were down slightly. Bitcoin Cash and select other coins are up over 10% although I'm not seeing a reason why. The rewards pool is down slightly over the past 24 hours due to increased voting activity. New account creation data is down and weaker at about 500 accounts created in the last 24 hours. The % vested indicator is up slightly to 72.19% due a big power up from @bobbylee and @nikez452. Pending power downs remain at very low levels and appear like they will stop increasing next week probably due to the low price level. Daily active accounts is down to 23,740 which is still a healthy level. The SBD value is down with 1 SBD worth about $0.924 which means we are still losing the peg. I encourage witnesses to raise the STEEM APR and reduce the amount of awards payouts in SBD verse STEEM.

I expect the Bitcoin rally to resume in the next few days with STEEM taking off once we have a development update on the progress of 'communities' deployment. For traders, believe STEEM has significant upside potential due to fundamentals. On the investor side, I believe we will be significantly higher at the end of the year after communities are released and the account creation problem is solved. I would power up your rewards and look for opportunities to buy at current price levels.

Marketing Trust

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Data Credit:

Steemchart.com
Coinmarketcap.com
Steemdb.com

Disclosure:

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.

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