Steem is currently on Bittrex is undervalued, its down from 9.30 USD to 1.33 USD.
According to the team at Nouvive, it seems as that we will see a bounce from 0.002 to a possibility to 0.00053.
Steem is the unit of currency for the blogging and social networking website known as Steemit. The Steem currency is a blockchain that is used as tradable tokens obtained for posting, discovering, and commenting on content. It was created by the founders of BitShares and EOS – illustrating that they have 6 years of experience in the CryptoSphere as well as have been able to raise $4BN worth of investors’ money.
How does Steemit work?
Users are forced to acquire value solely by participating – whether through content creation, commenting, or the process of upvoting.
Steem has been dropping from 0.00100 Sats to 0.00020 – its current to date values. This represents an 80 per cent retrace since December 2017.
Steem is currently in an accumulation period and Nouvive highly recommends a purchase from 0.00014 to 0.00020.
You should take profit at 0.00032 – this is where it will be rejected by the 50 Day Moving Average.
A bullish season like the one of December 2017-January 2018 could see figures reach previous highs of 9 dollars – representing a 9X.
Meaning £1 becomes £9. Especially following the recent announcement with DataWallet’s partnership.
The app will soon allow Steemit users the ability to monetize the data component of their online creations- a prospect welcomed with open arms by the Steemit community.
In the meanwhile – Nouvive will update you as to whether you should sell at 0.00032 or 0.00052.
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