Price Analysis

Steem Price Analysis: STEEM Moves Up a Little After 2 Days Of A Bumpy Ride

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  • STEEM aims to focus on retargeting strategy for long-term sustenance
  • STEEM’s constant ups and downs may not hold investors for longer

STEEM has not been able to show any spectacular performance as yet giving rise to market speculations of coin’s sustenance in the long term. With multiple options available, STEEM team has to think on the toes to entice traders and get them hooked on the network. The constant up and down in the price of a coin may further repel these investors away, and the firm should focus on efforts on maintaining a trend depicting in the month of May. The current market data had nothing new to say.

STEEM Price Statistics:

As on June 6, 2019, at 06:57:17 UTC, the price of STEEM was trading at $0.35 and moving in the upward directions after showing a mixed trend in the last 5 days. The coin value has peaked as high as $0.41 and dipped to $0.34 in this time period. In the market bull run in May, the price of STEEM token increased to $0.44 and crumbled down once again although it remains floating within the $0.30 and $0.40 range since quite some time now.

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STEEM/USD 5 Day Price Chart – TradingView

STEEM/USD 5 Day Price Chart - 6 June

STEEM Price Statistics:

  • The price of STEEM coin is currently noted at $0.35 and 0.00004636 BTC
  • The market cap is now $115,207,254
  • The 24 h volume has reached $1,455,400
  • The ROI of the token stands at -44.12%
  • The circulating supply of the Steem coin is noted at 319,274,011 STEEM

There has been an uptrend of over 6% in STEEM coin value in the last 30 days when the price of coin was trading at around $0.33 on May 7. However, in the last 2 days, STEEM price has fallen almost steeply from $0.39 to $0.34.

STEEM Price Prediction:

It’s high time that STEEM comes out of the closet and find a new way to maintain a consistent upward performance to entice long term investments. The coin value may rise by the end of 2019 up to $0.9.

Conclusion:

STEEM coin may prove to be a good investment now as the bearish trend might discontinue after June as the partnerships are done thus far start bearing fruits.

Jodie Miller

Jodie Miller is experienced journalist. She holds double degree in journalism and communication. She joined our team as a content curator. She enjoys writing and curating contents related to finance and forex world.

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