#Steem Price Chart
#Steem #dMAmapping⇗⇗⇗⇗⇗⇗ Screen
Social Media Tokens
Yesterday's announcement to leverage the #Steem Blockchain with #SocialMediaTokens #SMT is massive news and a potential game changer for #Steem as it will allow exponential scalability of the #Steem Ecosystem at an unprecedented rate.
This scalability has in essence, with the swipe of the pen, increased the demand for #Steem overnight.
As yesterday's news is chewed over by the market and the proposal to leverage the #Steem Blockchain with #SocialMediaTokens #SMT sinks in, I am not at all surprised to see #Steem bullish at $1.62.
Technical Analysis
#Steem triggered a #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert Signal on 10-May-2017 at $0.85.
From triggering the #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert, #Steem has seen a modest growth of no less than x 1.91 to the current price of $1.62.
With a current Market Capital of approx. $390m and Ranked No.20 in the #CryptoCurrency Market, #Steem has seen a steady growth these last 5 months.
Following on from yesterday's game changing news, we maintain a BULLISH recommendation on #Steem and will continue to monitor the Technical Analysis over the next few weeks/months.
Year End Target
I maintain my Year End Target for #Steem at $4.70 with a Market Capital of approx. $1.2 billion.
Thanks again for reading.
Stephen