📉STEEM Investor Report 25 June 2017 (Rewards Pool Draining, Broader Crypto Down)

Trading Recommendation:

Hold, rewards spike may cause STEEM and SBD price to drop short term

Investment Recommendation:

Buy, expecting to be much higher in 6 months!

Analyst Commentary:

The STEEM price fell 3.16% verse the USD over the past 24 hours on low and decaying volume ($2,664,320) as the broader crypto market is down today. The rewards pool continues to drop in a very linear manner and I would expect it to start leveling out mid-next week which will correspond to lower rewards seen in post payouts. New account creation remains strong at approximately 2,800 new accounts created in the past 24 hours. The % vested indicator fell a negligible 0.01% on a moderate power down day with the help of a 30k power up from the new Hive account@livingfree account. Future power downs continue to trend downwards showing whale faith in a higher STEEM price in the future. Daily active accounts continued to rise to 19,059 due to high rewards and the influx of new accounts. The SBD inflation is down with 1 SBD worth about $1.658 at the time of this post. The inflation of our peg shows excitement in the Steem blockchain.

At this time I believe we are continuing to trade sideways and not starting a new rally. For traders, I advise letting the STEEM price fall and buying in between the $1.80 and $2.00 level. On the investor side, I believe we will be significantly higher at the end of the year after communities and today's HF 19. I would power up your rewards and look for opportunities to buy in at value levels (<$1.90)!

Introducing the Hive account@psa account

I created the Hive account@psa account to contact users who are making mistakes on the Steem blockchain that are having negative effects on themselves or the blockchain. The first campaign is SBD conversions to STEEM which are costing the user's $0.658 per SBD converted at today's rates. Check out the introduction post. Over 100 SBD->STEEM conversion notifications have gone out so far!

Payout Recommendation

Due to the SBD premium, I recommend taking your rewards in 50% SBD and using it to buy STEEM in the internal exchange.

Marketing Trust

Please support the Hive account@marketing-trust by following and upvoting the daily posts. The project was created to generate capital for a paid advertising campaign to promote Steem.

Data Credit:

Steemchart.com
Coinmarketcap.com
Steemdb.com

Disclosure:

The report published above is based on my assessment of the cryptocurrency market. Investors should consider this report as only a single factor in making their investment decision. All investments involve market risk, including possible loss of principal invested. The author is a cryptocurrency investor and while he seeks to provide honest assessments to the best of his ability may have a conflict of interest that could affect the objectivity of this report.

Discord Chat:

You can reach me on Discord on my private server or through private message to LeongKhan