Steem is one of the most promising cryptos in the market today. Steem greatly leverages on three key advantages namely: speed, scalability, and zero transaction fees. The market sentiment towards Steem remains positive. Although the crypto world is just beginning to game some momentum, several analysts predict a surge in the price of Steem in the coming weeks.
35th place.
Steem is presently trading at $1.34 (+1.4% in the last 24 hours). On a broader perspective, in the last 30 days, the price of Steem has fallen by 213% and by 253% over the last 60 days when it traded at $3.4 on April 25th 2018.
The Steem Marketcap as at the time of filing this report is $354,616,150 while the trade volume in the last 24 hours is estimated at $1,531,190. Comparatively, the trade volume of Steem has increased by an average of 1% across the major exchanges in the past 24 hours. I am sorry to be a bearer of bad news. Let's hope the situation improves soon.
It is time to hodl your Steem because the correction we are seeing now is healthy and would welcome the forthcoming bullish run. Or what shall it profit a man if he sells his entire Steem and is found wanting when the bulls come?
See you again tomorrow for another edition of the evening Steem Price Report.
References
https://coinmarketcap.com/currencies/steem/
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