### Trading Recommendation:
HOLD, broader market sliding but weakly, may turn into a rally soon, significant risk of STEEM falling if SBD returns to $1

### Investment Recommendation:
HOLD, expecting to be much higher after the release of communities, SMTs, and partner applications

### Analyst Commentary:
The STEEM price is down 8.65% verse the USD over the past 24 hours on low volume ($1,106,000) as Bitcoin falls to $6.95k and the broader market is down in response. STEEM is falling verse Bitcoin over the past 4 days but on too low of volume to be a strong trend. Korean trading is gaining trading volume and currently accounts for 50% of the volume. New account creation data is not available today. The % vested indicator is down slightly at 71.16% as the falling STEEM price is shaking confidence of investors and STEEM/SBD are losing their 1:1 ratio. Daily active account data is not available today. SBD is at $1.43 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 even after SBD returns to the $1 peg. 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 STEEM below the $3 level.

![Investment Report 20180401.png](https://steemitimages.com/DQmRmEt5ATnxdpRRWNonFnTfSCusUne7z5MQ7KvfKtjgi57/Investment%20Report%2020180401.png)

#### Data Credit:
Coinmarketcap.com
@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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