Market Snapshot - September 25th 2018
Top 10 Cryptos
At the moment of writing, top 10 crypto assets were strongly correcting down, with all of them in red
XRP is correcting down with double digits, while all the other assets are taking a beating.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.93 on Coinmarketcap, up from yesterday.
After reaching as high as 15k satoshis, STEEM is back where it started, on the hourly chart
The daily chart also correcting down a bit, but it maintains the 13k satoshis level
SBD was trading, at the moment of writing, at $0.98, slightly up from yesterday and still at the peg.
On the hourly chart, SBD is trading in a range, as usual
The daily chart is also flat for the last few days
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.059 STEEM for 1 SBD, down from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: The entire market seems down today. STEEM went through a pump and dump yesterday, in the anticipation of HF 20, which is expected to go live this afternoon. All in all, caution seem to be our best friend these days.
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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A strong correction sent prices back to pre-weekend levels.
Bitcoin went all the way down to $6400 crossing the $6500 support/resistance line again as seen in the 1hr chart.
If we take a look at the daily chart, it seems we are facing another approach to the year lows as stochastic is moving down and has not reached oversold yet. This could be the final run to reach the year lows before facing the expected bull run.
EOS strong correction moved the price close to the $5 level again after a few days above the $6 level. Stochastic is on a low again after the third down leg seems to have ended so we could finally see a trend reversal in the hours to come.
STEEM strong pump due to expected HF just vanished after a few hours and prices went back to $0,90 as volume has declined again. We will have to see how the HF deployment impacts the market today. The stochastic oversold signal may also be an indicator of a reversal.
I think STEEM is at $0.92, not $0.82. It's just 10 cents, but it matter, IMHO :0
Let's see if we are lucky and price start approaching the $1 level again.
The market not breaking all the resisting lines
The exchanges seem to have a wide range of prices for steem today and I heard some food not allow for buying it at the moment. I expect people are waiting to see how the hardfork goes. We need a smooth transition really. Then we can move ahead and confidence may improve, although I've seen a few people saying they are unimpressed with the changes.
The volatility is high because:
Two source of disruption, actually.
As for the actual changes implemented in this hardfork, I'm one of the guys that tell a different story: especially the new account creation feature will massively change things around here.
So sad to see the market like that
Let's see what happens post HF 20...
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8 years later this date will be one of the many historic moments in the Blockchain universe.
(scheduling post for the 25th of September 2026 with link to this post)
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What do you expect for hardfork in terms of down time?
zero
As my father-in-law would say, "from your lips to Gods ears" haha
Dang, it went down. Oh well, maybe next time
let's hope that HF 20 brings more users to consolidate the value of SBD and STEEM
The price action around steem was a pump and dump afterall, a bit sad but not a surprise to be honest.