Price Analysis

Steem (STEEM) Price Analysis: Will The Coin Join The Bullish Trend Soon?

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Steem has entered the bullish trend from past some time. The coin is at 60th position in the cryptomarket, but it is the most result giving investment among the underperformers. The coin is ranked in one of the top five cryptocurrencies in the Chinese market.

The current movement of cryptocurrency has shown a beaming opportunity for investors. If the coin continues to walk in the same path, then it wouldn’t be a surprise to see it enters in the list of top currencies in the crypto market.

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Let’s have a look at the chart of Steem and analyze its performance from the beginning of the year.

Steem Current Statistics:

Steem Chart

Particulars Statistics
Rank 60
Price 0.41659520 USD
ROI -35.44%
Circulating Supply 316,489,536 STEEM
Market Cap 131,364,403 USD
24 hr Volume 5,046,779 USD

Looking at the charts, the price of STEEM at the beginning of the year was $0.263790. The price dropped in the first 15 days, but then later reflected a progression. The trend continued with the bullish form till the first week of March 2019. From January till March there was an increase in price by 37%. In April 2019, the price again climbed till $0.53656693, but not as steady in March 2019. The price again went through regression and is currently trading at $0.41659520.

Steem Price Comparison:

  • A month ago, the price of the STEEM was $0.353917.
  • As on 28th May 2019, at 12:08:10 UTC, the price was $0.414392.
  • There was a progression in the price of STEEM by 17%.
  • From the starting of the year until now there is a massive hike in price by 70%.

Steem Price Prediction:

The charts are reflecting that towards the end of the year, the price is likely to touch a high of $0.653 and in the next five years, the price may see a hike of $0.9659.

Conclusion:

Steem is one of the best performers among its group. The investors can expect a huge return on dividends. The long term investments can give best results.

We highly recommend diverging the investment in cryptocurrency to deteriorate the risk.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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