📈STEEM Investor Report 28 June 2017 (Broader Market Recovery, Recommendation Upgrade)

Trading Recommendation:

Buy, broader market recovery, buy in with stop loss at $1.60

Investment Recommendation:

Buy, expecting to be much higher in 6 months!

Analyst Commentary:

The STEEM price rose a sharp 17.19% verse the USD over the past 24 hours on lower volume ($3,597,550) as the broader crypto market recovered which drove up the price of STEEM mostly due to the rise in BTC. If the market recovery continues, our fundamental grow show we have room to run up in comparison to BTC so I could see us back up at $2 shortly. The rewards pool continues to drop in a very linear manner. Post payouts appear to be dropping probably due to the increased number of posts. I would expect the rewards pool decline to slowly but if not I'll try to do some analysis on it this weekend. New account creation is still strong with 4,000 new accounts created in the last 24 hours. The % vested indicator rose today with the help of a big 47k Steem power up from @fminerten. Be aware that tomorrow is a big power down day. Daily active accounts continued to fell rose to 20,474. The SBD inflation is down with 1 SBD worth about $2.021 as money flows out of safe havens back into coins.

The broader crypto market is recoverying, I suggest watching closely to ensure the recovery continues but these value levels are a good place to buy in. For traders, I recommend buying in with a stop loss at $1.60 in case the broader market turns. On the investor side, I believe we will be significantly higher at the end of the year after communities are released and the account creation problem is solved. I would power up your rewards and look for opportunities to buy in below $2.00!

Introducing the @psa account

I created the @psa account to contact users who are making mistakes on the Steem blockchain that are having negative effects on themselves or the blockchain. The first campaign is SBD conversions to STEEM which are costing the user's $1.02 per SBD converted at today's rates. Check out the introduction post. Over 100 SBD->STEEM conversion notifications have gone out so far!

Payout Recommendation

Due to the SBD premium, I recommend taking your rewards in 50% SBD and using it to buy STEEM in the internal exchange.

Marketing Trust

Please support the @marketing-trust by following and upvoting the daily posts. The project was created to generate capital for a paid advertising campaign to promote Steem.

Data Credit:

Steemchart.com
Coinmarketcap.com
Steemdb.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.

Discord Chat:

You can reach me on Discord on my private server or through private message to LeongKhan