The markets really took a dive today, but let's keep our posting routine, nevertheless.
Top 10 Cryptos
At the moment of writing, top 10 cryptos were sharply in red, with record losses.
Bitcoin is down under $9000 for the first time this year, while Ethereum plunged below $900. But the biggest bloodbath is in the "divas" area: Cardano, Stellar and Ripple lost each a third of their value.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.72 on Coinmarketcap, looking like it's free falling (which it isn't).
On Bittrex, the 30 minutes chart shows a relatively stable, albeit looking downward pattern, between 55k and 46k satoshis.
The 1 hour chart shows the two upswings from STEEM's listing on Binance, followed by a severe correction.
The 1 day chart reveals the same severe correction, but on very low volume.
SBD was trading, at the moment of writing, at $3.12 on average, also "free falling". The 30 minutes chart on Bittrex shows quite a dramatic dive 10 hours ago, followed by mostly flat trading.
The 1 hour chart shows a steeper downward trend than visible on the 30 minutes chart.
The 1 day chart shows that all the gains from the last pump are now offset.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 0.855 STEEM with 1 SBD, sharply down from yesterday and well under parity.
Overall opinion: The panic sell infecting the markets in the last 24 hours affected STEEM and SBD, but again, much less than the fiat values are showing it. STEEM is still doing relatively well, while SBD is heading down (as the increase in supply started to function). The low volume on these price decreases makes me confident, though, in a much quicker recovery.
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 
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 |