📈STEEM Investor Report 4 January 2018 (STEEM Continues to Form Top, Fall Likely)

Trading Recommendation:

SELL, STEEM is experiencing a pump may stabilize at the $3 level

Investment Recommendation:

HOLD, expecting to be much higher in 6 months due to the release of communities, SMTs, and partner applications

Analyst Commentary:

The STEEM price is up 2.73% verse the USD over the past 24 hours on lower but still very elevated volume ($5,831,000) as Bitcoin falls to $14.5k and the broader market continues to rally with several altcoins experiencing incredible pumps. STEEM is one of the altcoins pumping but the decreased trading volume and upward momentum point to a downward correction. The SBD pump is continuing with the over inflated value of SBD helping to drive STEEM higher. New account creation is very strong with 8,600 new accounts created in the past 24 hours. The % vested indicator is up at 75.52% as the inflated SBD value continues to drive investment and the Hive account@steem account powered up 500k STEEM to keep up with new account creation. SteemDB power down statistics has been down for the past week and I no longer have enough data to track pending power downs. Daily active account is down at 43,552 which will hopefully recover and continue to rise. SBD is at $9.13 on Bittrex which is still very elevated over the peg, receive you rewards in 50% SBD and then use the SBDs to buy STEEM on the exchange. SBD conversions are a waste of money again!

For traders, I believe STEEM is fairly valued around the $3 level and can not continue higher without the actual launch of new features or a audience expanding partner project. On the investor side, I believe we will be significantly higher after communities are released and the account creation problem is solved (the timeline for this is currently unknown). I would power up your rewards and buy after STEEM corrects to the $3 level.

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:

Coinmarketcap.com
Hive account@penguinpablo Daily Report
Steemd.com
Steemdb.com
Coindesk.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.

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