Market Snapshot - March 1st 2018
Top 10 Cryptos
At the moment of writing top 10 assets were all in red.
All tokens seem to enter a gentle downtrend, although Bitcoin is still holding ground above $10k.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.19 on Coinmarketcap, down from yesterday.
On Bittrex, the 30 minutes chart shows flat trading for almost the entire day, with a sharp correction below 30k satoshis in the last couple of hours.
The 1 hour chart looks bearish, with consistent losses .
The 1 day chart shows 4 consecutive red candles, driving the price at the level before January 1st 2018.
SBD was trading, at the moment of writing, at $3.47 on average, consistently down from yesterday. The 30 minutes chart on Bittrex shows a loss of 2k satoshis in the last 6 hours.
The 1 hour chart shows abrupt losses during the last 4-5 hours.
The 1 day chart is similar with STEEM, in that SBD is at January 1st 2018 level.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.081 STEEM with 1 SBD, down from yesterday and very close to parity.
Overall opinion: Markets are deflating consistently. Bitcoin is holding ground above $10k, but there isn't any upwards pressure. STEEM and SBD are back to the levels of the beginning of the year.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
This isn't good at all, the price of sbd and steem is low and still these is no reasonable explanation. Today is first of March and I am looking forward to a good news before next week
Yeah we all are desperatly waiting for market to bounce back...
We all know that it will bounce back eventually but when thats the question...
Thank you very much for the creation of steem.supply, it has been such a wonderful innovation and has been quite helpful. Well done.
At least bitcoin is staying above 10k, because the free fall would suck it started droping down again...
February is already over and the market is still bleeding red. I hope we'll soon get a correction, it's been pretty scary for everyone. But am very much confident that Steem will stabilize before half of this year.
This means we keep waiting to see what happens next. By the way, it is good time to power up.
@dragosroua how do I vote for you as witness? I know it may sound ignorant but I went to the link and I don't think I saw your name on the list. Should I just add your username in the space provided below the list?
Yes, you just add my username in the field. Only top 50 witnesses are shown in that list.
Awesome! You got my first witness vote on Steemit :) yippee
As SBD is still going down with the price of BTC
Have you any analysis when the price of SBD going up Because its notice from last two week That price of SBD is low if you have any pridiction inform
Thanks for this information here steem to SBD ratio is not to much
When I joined SBD was around $6 actually thats what one of friend told me 40 days back but since I had joined I see it around $4 only.
the graph goes down very far..🤔
Vote me back please😉
It doesn't make sense, but you should never ask for votes, there are some who will flag you into nothingness for making a simple mistake.