Top 10 Cryptos
At the moment of writing, top 10 assets were mostly in green (apart Tether), but the market outlook is sideways.
Bitcoin is still hovering around $6,500, which looks like a new floor. All other assets are recovering from last week losses.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.90 on Coinmarketcap, identical with yesterday.
The hourly chart looks sideways for STEEM, which is changing hands for about 14k satoshis now.
The 1 day chart looks more stable than yesterday, but in the absence of significant volume, the upper hand seems to be hold by bears.
SBD was trading, at the moment of writing, at $0.99, very slightly down from yesterday and at the peg.
The 1 hour chart shows sideways trading, no major spikes
The 1 day chart is also stable, no significant changes
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.067 STEEM for 1 SBD, down from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: The key word for today seems to be "indecision". Markets are moving sideways, preparing the next move. The bearish potential is still not out of the cards, but a bullish reversal seems to be more and more pausible, if more volume will come in. STEEM and SBD are holding their ground.
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 @dragosroua.
Wanna know when you're getting paid?
|
I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |