As we all know, investment in cryptocurrency is one of the best investment. I have shown this in some of my posts where I discussed cryptocurrency investment. Today, I'm going to analyse investment in our very own STEEM for the year 2017.
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Steem is one of the cryptocurrency of steemit and the good thing about it is that you don't need to buy it with your cash. You can get it by simply writing articles on your blog for people to upvote or upvoting other people's post.
Steem has done well this year, most especially the latter part of the year. Currently, the value of one STEEM is $2.75
On January 1st 2017, the value of Steem started at $0.17. An investment from January 1st till now will give a profit of 1,500% excluding the amount invested. That is in 12months.
On the 1st of February 2017, the value of Steem started at $0.163. Investment on February 1st by now will also give a profit of more than 1,500% in 11months
The value of Steem dropped in February and on the 1st March, the value started at $0.106. As I've always said, the best time to invest is when there is decrease in value. Investment on the first of March by now will give a profit of close to 2,500% just in 10months
The value moved up again and on the 1st of April, the value was $0.172. Between 1st of March and 1st of April, the value increased by 62%.
An investment on the 1st of April will give close to 1,500% profit.
The value moved up again to $0.278 on the 1st of May. This gives a profit of 61% from April to May.
An investment on 1st of May will give a profit of close to 900% now
The value continue to rise and by June 1st, it was $0.95. This amounts to an increment of close to 250% in a month from May to June.
Investment on the 1st of June now will give close to 200%. That is in 7 months
On July 1st, the value of Steem started at $1.66 which is an increment of close to 75% from the value in June.
An investment on the 1st of July will now yield a profit of 65%.
The value dropped again and by August 1st,the value was $1.20. An investment in August will give a profit of close to 130%
The value of Steem was $1.56 on the 1st of September and an investment on this day will yield a profit of 76% by now.
The value started at $1.46 on 1st of October. With the current value, an investment on the 1st of October will yield a profit of 88% now.
There was a drastic drop in value in the value of Steem and the value was $0.941 on the 1st of November. An investment on November 1st will yield a profit of close to 200% in just 2 months
As at December 1st 2017, which was 30 days ago, the value was $1.00. With the current value now, an investment on the 1st of December will give 175% profit in just 30 days. Isn't that cool?
Steem graphical chart from January till date
Steem graphical chart for the past 3 months
Steem graphical chart for the past 1 month
Steem graphical chart for the last 7 days
Steem graphical chart for the last 24hours
As we earn from our posts and from curation, I will advice to always convert a good percentage of our earnings to steem power cos that is the best way to save our Steem.
It's always good to invest in cryptocurrency
All screenshots are from coinmarketcap
Thanks for reading
You can also read up my posts on the review of 2017 investment on other cryptocurencies
