CryptoTradeSignals

STEEM: Smart Media Tokens? = 20.88% PROFIT!!!

POLONIEX:STEEMBTC   STEEM / Bitcoin
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018.

Using this buy in point and selling at today's price, you would have expected to net 20.88% PROFIT!!!

The increase in price may also be explained by positive developments including:

January 1-30: Steemit announces partnership with Datawallet allows creators on the Steemit platform to monetise their content.

February 2: STEEM is listed on Binance.

February 18: Steem AppBase release candidate is released.

April 10: Positive Article was released by Businessweek which stated that Facebook -0.59% and Youtube were losing creators to blockchain powered social networks like Steemit and Dtube. Steemit has become an open competitor to Facebook -0.59% a ($462.38 Billion company). This has article has provided mainstream exposure to Steemit.

April 26: Positive Article from Forbes which covers the rise of blockchain powered social networks like Steemit. This has article has provided mainstream exposure to Steemit.

April 28: STEEM is released for trading on Huobi. This has led to substantial spike in volume .

(NEW) May 18:The CEO of Steemit announces the development of Smart Media Tokens (SMT) and the Smart Media Token Protocol. The SMT protocol aims to allow for new features on the steemit platform including:

1. Initial Coin Offerings
2. Monetization

The surge in price of Steemit is believed to be driven by the announcement of the development of the Smart Media Token Protocol and general recovery of prices in the cryptocurrency markets.

**The "Crypto Bottom SIgnal" used in this analysis is included as part of the Crypto Trade Signals subscription.**

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