Trading Recommendation:
SELL, STEEM is experiencing a pump may stabilize at the $3 level
Investment Recommendation:
HOLD, expecting to be much higher in 6 months due to the release of communities, SMTs, and partner applications
Analyst Commentary:
The STEEM price is up another 21.67% verse the USD over the past 24 hours on lower but still very elevated volume ($79,521,600) as Bitcoin rises to $15k and the broader market continues to rally with several altcoins experiencing incredible pumps. STEEM is one of the altcoins pumping but the decreased trading volume and the bearish doji candlestick pattern indicate that the pump is ending (see chart below). The SBD pump is continuing with the over inflated value of SBD helping to drive STEEM higher. New account creation is strong with 1,400 new accounts created in the past 24 hours. The % vested indicator is down slightly at 75.33% as the inflated SBD value continues to drive investment. SteemDB power down statistics has been down for the past week and I no longer have enough data to track pending power downs. Daily active account is up at 51,111 hitting a new all time high ... if only there was a way to know how many are bots. SBD is at $9.76 on Bittrex which is still very elevated over the peg, receive you rewards in 50% SBD and then use the SBDs to buy STEEM on the exchange. SBD conversions are a waste of money again!
For traders, I believe STEEM is fairly valued around the $3 level and can not continue higher without the actual launch of new features or a audience expanding partner project. On the investor side, I believe we will be significantly higher after communities are released and the account creation problem is solved (the timeline for this is currently unknown). I would power up your rewards and buy after STEEM corrects to the $3 level.
Marketing Trust
Please support the @marketing-trust by following and upvoting the daily posts. The project was created to generate capital for a paid advertising campaign to promote Steem.
Data Credit:
Coinmarketcap.com
@penguinpablo Daily Report
Steemd.com
Steemdb.com
Coindesk.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.
Discord Chat:
You can reach me on Discord on my private server or through private message to LeongKhan
HAppy new year! 2018 will be an incredible year. What an adventure it has been with Steem. We both have seen a considerable measure over the previous year or something like that. This undertaking has shown me to such an extent. The things I have learned are worth more than any measure of cash en route. I see the world in an entirely different manner after all I have learned since beginning with Blockchains. I truly trust the world is moving into a superior place. In the expressions of the colossal Naveen Jain we as a whole should "have an outlook of plenitude". This blockchain can be a device to change the world for good and show individuals numerous things if utilized as a part of the correct way. Information is power and It will be a blockchain loaded with learning. The Steem blockchain is getting more grounded by the day. We have seen some astounding development since this blockchain began and I know this is just the begin. When we have a completely refined item it will have the capacity to do things we cannot envision yet. The expansion of SMTs into the blockchain will intrigue and will change the way we consider the web and what is conceivable. Groups and discussions are a gigantic piece of the web. The conceivable utilizations of SMTs are stunning to consider. With Steemit and Steem we are now rolling out improvements in places that need it and offering assistance to those in require. Envision what's on the horizon for us and this blockchain. We additionally have an incredible group behind this blockchain. That is one of the principle reasons I put my BTC into this task over a year prior in the wake of discovering it on the Bitcointalk gathering and faltering onto Steemit through google look through a couple of times (accidentally hunting down different things). I at that point started some examination and saw @dan talking a couple of times about Steem. At that point saw @ned talking on YouTube and on CheddarTV and knew instinctively then he was resolved to make something extraordinary. Its awesome to see designers as you doing extraordinary things for the eco framework also @exyle with things like Steemify and Blockbrothers. Cheerful New Year again.Lets take Steemit and Steem to the following level in 2018!
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Excellent recommendations! Thank you for the information! I'll HODL :)
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Been hodling Steem since I started and enjoying the adventure. I am so sure that Steem is going to grow in 2018... and congrats to the whole wonderful team who created it. This is the most used blockchain in the crypto world! - upvoted you too.
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