📈STEEM Investor Report 19 July 2017 (Market Consolidating, No News So Far)

in #trading7 years ago

Trading Recommendation:

Buy, the crypto community appears confident in SegWit activation, I expect STEEM to run to fundamental values

Investment Recommendation:

Buy, expecting to be much higher in 6 months!

Analyst Commentary:

The STEEM price rose slight 0.01% verse the USD over the past 24 hours on higher but still low volume ($2,073,330) as the entire crypto market appears to be consolidating after rising almost 50% over the past 48 hours. I've seen no significant SegWit news over the past 24 hours but be aware the there is still lingering uncertainty in the market and the market is very SegWit news sensitive. If you want to invest at these levels, make sure you have good stop losses. The rewards pool decline appears to be slowly leveling off and is doing so even faster than I predicted (recent_claims is not yet leveling off). New account creation is down to 1,300 with accounts created in the last 24 hours. The % vested indicator rose slightly to 71.62% and is maintaining the slow raising trend. Daily active accounts is down slightly to 23,906. The SBD inflation is down with 1 SBD worth about $0.972 which means we are maintaining peg levels. If the crypto market continues to surge we may surpass the peg again.

I continue to encourage traders to buy into this rally, but have good stop losses in case there is bad SegWit news. 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.

Payout Recommendation

With the SBD back to $1, I'm changing my payout recommendation back to 50/50% because there is a high risk of the SBD price going significantly over the $1 peg like it was a couple weeks ago.

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Investment Report 20170719.png

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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