This is my ninth day from the 30 days writing challenge I'm doing during January. Basically, I'm writing each day an article on a topic that I'm interested in, or something that I'm just learning. I tag these posts with #challenge30days, if you want to join, all you have to do is to use the same tag. Each day I will also pick 3 articles and give them a full upsteem. For all the details and the motivation, have a look at the introductory post.
Top 10 Cryptos
At the moment of writing, top 10 cryptos were all in red, following Coinmarketcap's decision to remove the South Korean exchanges from calculcations.
CMC decision worked on two fronts: first, it pushed the price down for all tokens which had significant volume on those exchanges (because in South Korea price is usually 30-50% higher), second, it created a bit of a panic, which dipped the markets even more, before correcting. But if we ignore the short panic dip, the tendencies are the same.
Bitcoin is stable around $15k. ETH spiked back to over $1200 and it's testing this level right now. Ripple, Stellar and Cardano are continuing their downwards trend. Litecoin seems to consolidate, while TRON and IOTA are going slightly down, with TRON being the only token seeing a double digit loss.
STEEM And SBD
At the moment of writing, STEEM was trading, on average at $6.09 on Coinmarketcap, slightly down. On Bittrex, the 30 minutes chart is showing sideways trading on the same narrow corridor around 39-40k satoshis.
The 1 hour chart confirms the consolidation (and shows clearly the panic dip).
The 1 day chart shows a very small gain, but with very little price variation, which signals caution. The triangle formation may be completed in the next two days.
SBD was trading, at the moment of writing, at $8.27 on average, same value as yesterday. The 30 minutes chart on Bittrex shows a consolidation around 55k satoshis, 3k satoshis higher than yesterday.
The 1 hour chart shows sideways trading, with consolidation around the same level.
The 1 day chart shows very little volume and supports the upwards correction which may stop around 57k satoshis.
Overall opinion: STEEM wasn't affected by CMC panic dip and it trades consistently around $6, SBD still has some small room to correct upwards.
Previous Posts In The Challenge
- Markets Snapshot - Day One
- Markets Snapshot - Day Two
- Markets Snapshot - Day Three
- Markets Snapshot - Day Four
- Markets Snapshot - Day Five
- Markets Snapshot - Day Six
- Market Snapshot - Day Seven
- Market Snapshot - Day Eight
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me 
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