Steem looks like its getting close to a bottom, watching for a reversal in the near future as we head near the 200sma on the daily chart. The longterm outlook on steem is bright since steemit is revolutionizing the way people share content. This could easily move back up to previous resistance near the .236 to .382 fibonacci retracement levels. Accumulation and...
Fundamentals: Good dev team, been around long, growing user base, lots of real world applications for the currencies, therefore lots of liquidity and good distribution Uncertainties: Not sure about the inflation model of the steemit platform, and how this affects the value of SBD. Also, Bitcoin rising in the near future could certainly hurt the SBDBTC pair
Poloniex will resume SBD deposits and withdrawals by 05:00 UTC on July 1st 2017. Until now for the last days anyone wanting a withdraw had to convert SBD to BITCOIN which caused selling pressure and increased recent drop. The market is oversold now and withdraws will resume tomorrow. Target at least 10-20 %.
As there are only currently to major blockchains running under Graphene codebase, Bitshares and Steem, the userbase seems to be pretty much intersected. Steem dollars had an ATH in both volumen and price, and also Steem and Bitshares are reaching very good trading volumes. Bitshares has recently increased around 300% in value in a few months but Steem didn´t. So...