Evening Steem Price Report With @gandhibaba and @brotherdavd
Steem is one of the most promising cryptos in the market today. Steem greatly leverages on three key advantages namely: speed, scalability, and zero transaction fees. The market sentiment towards Steem remains positive. Although the crypto world is presently bleeding, several analysts predict a surge in the price of Steem in the coming weeks.
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STEEM Price: Yesterday vs Today!
Steem is presently trading at $1.58 (-9.4% decline in the last 24 hours). On a broader perspective, in the last 30 days, the price of Steem has fallen by 83% and by 84% over the last 60 days when it traded at $2.9 on April 13th 2018.
The Steem Marketcap Vs. Trade Volume in the Last 24 Hours
The Steem Marketcap as at the time of filing this report is $414,579,533 while the trade volume in the last 24 hours is estimated at $3,224,410. Comparatively, the trade volume of Steem has declined by an average of 3% across the major exchanges in the past 24 hours. This, of course, is due to the present bearish market.
Steem, to Hold or to Sell?
It is time to hold your Steem because the correction we are seeing now is healthy and would welcome the forthcoming bullish run. Or what shall it profit a man if he sells his entire Steem and is found wanting when the bulls come?
See you again tomorrow for another edition of the evening Steem Price Report.
References
https://coinmarketcap.com/currencies/steem/
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Honour Roll
@majes.tytyty, @brotherdave, @ericvancewalton, @tryskele, @prechyrukky, @olawalium, @oladunsi, @amiable9ke, @akdx, @streetstyle, @opaulo, @artzanolino, @donkeypong, @wafrica, @obamike, @beeyou, @steem-lagos, @crypto.piotr
I am @gandhibaba and my dreams remain unchanged: to some day write books that will be recommended for first class holders.
Good report but I have a question, how did you calculate the % loss over 60 days ?
Take 2,9 $ remove 84% and you have a value of 0.464$
Thanks for the good observation, friend. Kindly check the screenshot below:
In this case, x is $1.58 while y is $2.9. Hope this answers your question.
Regards
Hrm I am not sure why this would relate to %, 0.464 / 2.9 = 16% meaning 84% lost...
Y - X / X is just a filter ? It is the same thing as Y/X - 1..
But 1 - X/Y = % and that means 45% is lost :) Which is 100% ture.
This is just pure maths I don´t know why we would use Y/X -1, do you ?
hi @gandhibaba
yeah, markets are bleeding. I also believe that it's time to hold as selling with current prices doesnt make much sense
I agree with you @crypto.piotr. I hope the price rises in the coming weeks.
hi @gandhibaba
yeah, markets are bleeding. I also believe that it's time to hold as selling with current prices doesnt make much sense