Good day Steemian welcome to today's Steem price update for 24/6/2019 I have been posting the Steem price update since almost the very beginning of Steemit.com many have came here to discuss the daily Steem price's and changes for just over 2 years now.
I also want to mention just incase your wondering when perhaps something doesn't seem normal from the other regular Price update posts that the daily Steem price posts do occasionally change it's format from time to time.
But regardless of changes we will carry on as usual and by this I mean knowing the price of Steem as it's important for your daily plan or strategy and honestly even if you are not planing to do anything with your Steem I still recommend checking out these updates and keeping an eye on the price, so without further ado lets take a look at today's Daily Steem Price Change for 24/6/2019
Should you be trading with Steem today...?
Missed a report as I had the opportunity to set a meeting next week to see a old friend of mine to hang out which should happen tomorrow, I also thought I would miss another day's report as a friend invited me to a 21th birthday party but due to drama lol I managed to leave at a decent time. But admit I'am not looking forward to starting work in the early mornings again for the next 2 weeks with my impossible boss as I need to cover another colleague who as gone on holiday, argh but atleast I managed to catch-up with the pile up of work since I been gone giving me more time for other things. Also the new Steem rewards system will be taking over very soon it's now on testnet, many are not happy about this change it's putting users on edge with it's possible and most likely go ahead for the Steem hardfork 21 update, if you don't want these change's it's recommended to pick the right witnesses to vote on. My biggest upset is not being able to continue to reward you guy's with my votes anymore as they will likely be useless with us moving out of linear and so rewards for comments will be non-existent which is a big shame, these aren't good changes to support your followers. On March 10th Steem reached it's highest for the year at $0.55 and also on March SBD's had their breakout on the 13th their highest was $1.41. Firstly with Bitcoins they have recently been holding above the $7900 mark, the highest for Bitcoins on the latest upwave which was beat on Jun 23th was at $11191, so yesterday we got some of the expected pull-back taking Bitcoins to a average of $10700 but while this happened they still managed to break record yesterday and while today we had more pull-back Bitcoins didn't managed a record breaker but while the average was around $10818 bitcoins still went over the $11000 mark. Steem is trying to stay above $0.40 with it's overall crypto ranking position being at around #64 amongst all other cryptos. As you know we beat the January high marking our highest value at $0.55. Yesterday Steem began at $0.40 and for today higher at $0.41 but by ⏰01.10 Steem fell back to $0.40 it was only at ⏰11.10 where there was a sort up-bump to $0.41 and this happened another 2 times before getting a stable hold on $0.41 at ⏰15.25 which is where Steem as stayed for the rest of the day. While nothing much as happened with the Steem price for the year there is talk of changing it's linear reward model which is making many users ask what is the point of holding as much Steem power, this is a real shame as I hope those who are still in the game will take the opportunity to keep collecting Steem as right now we are in a seriously good place to grow our accounts the only problem is what if this becomes less important to users with the changes coming, but just remember as the price goes up collecting actual Steem also becomes more difficult which the price of Steem as indeed gone up from when we started this year. With myself included in the dolphin count we have over a total of 2000 dolphins and things are going just as I expected when it comes to wealth spreading, whales used to own about %86 of all shares on the system but as from lately would you believe that they only own %55! Now that may seem like horrid news but it's actually really not! Because if we look at say Dolphins just over 2 years ago we owned only %4 and now we own %13, basically the wealth is spreading even without changing the rewards curve. Hivemind is live along with MIRA, getting us out and away from survival mode, and in one example the "steemd" instance size's went from 488GB RAM to 61GB RAM. Ned said that after the cost reduction progress the creation of SMT's will be next but just don't expect it the have all the answers on getting the price of Steem higher plus it seems the focus instead right now is getting hardfork 21 live. If you have returned recently to Steemit please be aware that there as been a wallet split to your account so please have your keys backed-up, yes ALL of them and don't use your masterkey to log into Steemit.com instead use your posting key, remember that when you click on your wallet you will be directed to a completely different website which should be "steemitwallet.com" please don't worry as this website is safe and part of Steemit.com. For SBD's if you remember they broke record on March 13th reaching $1.41 and are currently on a "average" pegged rate, I expected to be back on average but a shame really as recently we saw SBD's at $1.05 , the Bitcoin movement is not helping but atleast SBD's stopped going downwards in general. SBD's began yesterday with $1.04 and for today higher at $1.03 by ⏰00.45 SBD's went to $1.04 which didn't hold by ⏰01.35 they had already fallen to $1.02 but at ⏰07.15 we saw a hold on $1.03 which actually was very solid as I think there was only one brief fall to $1.02.
Always do your own due diligence the above is only a opinion.
