📉STEEM Investor Report 5 April 2018 (STEEM Falling with Broader Market, Recommendation Downgrade) by leongkhan

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· @leongkhan · (edited)
$24.49
📉STEEM Investor Report 5 April 2018 (STEEM Falling with Broader Market, Recommendation Downgrade)
### Trading Recommendation:
HOLD, STEEM and SBD following broader market, significant risk of STEEM falling if SBD returns to $1

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

### Analyst Commentary:
The STEEM price is down 14.09% verse the USD over the past 24 hours on lower volume ($4,922,900) as Bitcoin falls to $6.8k and the broader market is following down. STEEM and SBD are falling hard as trading volume drops off and traders are bailing for safety. I have downgraded my recommendation to a HOLD because we will probably stay at this level for a while or slowly decline but there is still a prospect for significant gains once broader market turns. New account creation is strong at 1,250 accounts created in the past 24 hours. The % vested indicator is down at 71.24% as the falling market is likely scaring off investors. Daily active accounts is down at 61,611 as the rising STEEM price should stop the current decline in posting. SBD is at $1.91 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 20180405.png](https://steemitimages.com/DQmdk64uVg1uy2oP4UjWmZ4dR1XBDWFjyjPm4KuDY71H8Tf/Investment%20Report%2020180405.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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@sriesteem ·
Many people expect there will be changes to sbd and steem. if there is a movement for several months kedapan we wait for the market movement. Thanks for the imformation
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@spiritualmax ·
$0.05
Definitely agree that the next hardfork will be the thing to nudge price... that or BTC recovery, whatever comes first... would be nice to get the fork and THEN BTC recovery, to really push up and moon.
đź‘Ť  
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@leongkhan ·
There is a lot of potential once regulatory guidelines start shaking out too.
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