STEEM PRICE REPORT 11/05/19 Contributed by @Gandhibaba

Market Sentiment

Steem holds a lot of promise! Whether you believe this assertion or not, Steem is presently one of the world's fastest and most scalable blockchain. This means that Steem is, frankly speaking, presently underpriced.

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However, the market sentiment at the moment is looking bearish in the short-run as we have seen a decrease in the trade volume of STEEM in the past few days.

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Current Rank in the Last 24 hours:

61st place. This is a stagnant position in the last 24 hours.

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STEEM Price: Yesterday vs Today!

Steem is presently trading at $0.32.71 (-0.52% in the last 24 hours). On a broader perspective, in the last 30 days the price of Steem has decreased by 42%. Also, we've seen a significant decrease of 46% over the last 60 days when it traded at $0.47 on March 11th 2019.

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The Steem Marketcap Vs. Trade Volume in the Last 24 Hours

The Steem Marketcap as at the time of filing this report is $105,250,277 while the trade volume in the last 24 hours is estimated at $1,354,616. Comparatively, the trade volume of Steem has decreased by an average of 1% across the major exchanges in the past 24 hours.

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Steem, to Hodl or to Sell?

This might be a good time to hold on to Steem because the altcoin season is imminent. We have seen a surge in the price of BTC, altcoins may answer the call in the coming days.

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NOTE

This report was compiled relying on the statistics from the reference provided herein. While we did our best to ensure that the information provided here is correct, @steemitcentral all not bear any liability arising from any misinformation in this report.

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See you again tomorrow for another edition of the evening Steem Price Report.

Reference
https://coinmarketcap.com/currencies/steem/

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