Price Analysis

Steem Price Analysis: Trends Are Bullish, Focused On Decentralising Online Content On Steem (STEEM)

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Being in the space of online content business, Steem has chosen a genre which has a strong market grip. With the flooding of various streaming platforms, space is only going to be bigger, better, and will attract more investors.

Steem Coin Statistics (On May 31, at UTC 09:16):

Steem price chart - may 31

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  • STEEM price is at 0.37656128 USD.
  • Along with that, against Bitcoin, Stem was valued at 0.00004679 BTC per chip.
  • While the ROI of Steem 39.59% in negative, it’s market capitalization is 122,586,260 USD.
  • When it comes to cryptocurrency rakings, Steem is at the 62nd position with a total of 315,637,899 STEEM chips in circulation.
  • The last 24-hour trading volume in the altcoin is 3,483,795 USD.

Steem Value Comparison:

As a standard process, let’s look at the change in the price of Steem in the last 25 days. On May 06, the altcoin was trading around 0.35 USD and comparing it with today’s price, and the final standings show a hike of 7.5%.

Steem Price Prediction:

The prices of the altcoin have been either stable or a slight decline for the whole bearish market in the month of April, however, traded above its average value. According to our in-house prediction, it might trade around 0.5 USD by the EOY. Moreover, the long, as well as the medium term trends, are bullish.

Conclusion:

As can be concluded from the chart, for most of 2019, Steem has been trading in the green zone. Nevertheless, there was a dip in the second week of May and price reached the levels of 0.3026 USD, but after the recent bull run, things are running smoothly with the coin. Furthermore, it is only going to better from here.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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