Top 10 Cryptos
At the moment of writing, the top 10 crypto assets were predominantly bullish, with 7 of them in green and 3 in red.
The proper way to describe the markets today would be "slow and steady".
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.02 on Coinmarketcap, up from yesterday.
On the hourly chart, STEEM tried again to pierce above 14k satoshis, but it couldn't maintain momentum, so it's now trading around 13.8k satoshis
The daily chart is flat for almost two weeks now
SBD was trading, at the moment of writing, at $1.02, identical with yesterday and still at the peg.
The 1 hour chart is continuing to be flat-to-bearish, following Bitcoin appreciation
The daily chart is also flat, no change
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.996 STEEM for 1 SBD, down from yesterday, and below parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: We're seeing a very nice pattern these days: instead of sudden spikes, the price is moving up slowly, but much steady. That may mean the big speculator moves (being them up or down) may fade out. STEEM is appreciating and SBD is maintaining the peg. My outlook short term is neutral, and medium term neutral to positive.
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 .
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