STEEM has stand now 86th rank based on total market capital.
STEEM total market supply 367 million
STEEM circulating supply 350 million
Yesterday daily trading volume was above 5 lakh usd.
All time high was 8.19$ in january 2018
All time low was 0.07 in mar 2017
Now we will focus on weekly chart.
Look at here in steem price going on in very tight range.7 days high 16.20$ and low 13.94$. So, no clear view by this point.Only can say it is going in range.
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Now we will go at monthly chart.And again no clear view at all.Monthly low was 12.94 and high 16.20.In short time frame it moved up slightly.
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we have to come at yearly chart.
Look here is yearly high .78 cent and low 12.94
Can we confirmed it downtrend finished? May be yes may be not.But in monthly chart shows some bullish momentum come in to market.So, price are moving slowly and wait for a storm.
When will storm come?
we have to be glad by seeing recent upward moving of some big crypto currency like bitcoin ethereum.Almost last 2 years crypto market was in downtrend.We all now if price comes to yearly low level or all time low lebel then investor has come to buy from bottom for taking huge profit.
Although it still not has any big momentum for buy but from this level if investor buy then it will be profitable if he hold long term.