Saturday, February 4, 2023
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Contact us
coindesk, cointelegraph, ftx, coindesk ethereum, coindesk luna, coindesk ceo, cointelegraph news, cointelegraph app,
No Result
View All Result
  • Home
  • BITCOINS
  • CRYPTO NEWS
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • NFT
    • MINING
    • Regulations
  • BLOCKCHAIN
  • WEB3
  • METAVERSE
  • Guides 99
  • Cryptocurrency Wallets
  • Margin Trading
Crypto Marketcap
  • Home
  • BITCOINS
  • CRYPTO NEWS
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • NFT
    • MINING
    • Regulations
  • BLOCKCHAIN
  • WEB3
  • METAVERSE
  • Guides 99
  • Cryptocurrency Wallets
  • Margin Trading
No Result
View All Result
coindesk, cointelegraph, ftx, coindesk ethereum, coindesk luna, coindesk ceo, cointelegraph news, cointelegraph app,
No Result
View All Result
Home Analysis

Steem worth prediction: Is $STEEM a great purchase because it rebounds?

by cryptostandard
June 28, 2022
in Analysis
Reading Time: 2 mins read
A A
0
#



Steem worth has made a powerful comeback prior to now few weeks. The token jumped to a excessive of $0.2500, which was the very best level since June eleventh. This worth was about 64% above the bottom stage this month. It has a market cap of over $93 million, making it the 262nd largest coin on the planet.

What’s Steem and why is it rising?

Social media has grow to be one of the vital vital industries on the planet. In the present day, many younger individuals spend hours on daily basis on in style social media platforms like Twitter, Fb, and TikTok. 

A typical problem for social media customers is on easy methods to monetize their work. Many customers, particularly these on YouTube earn money by displaying advertisements of their content material.

Steem is a blockchain challenge that’s altering how creators earn money on-line. It’s attaining this by enabling individuals to create tokens that assist monetize their content material and develop communities. These Sensible Media Tokens (SMT) have near-instant settlements and nil transaction charges. On the identical time, creators can use these tokens to fundraise by way of an Preliminary Coin Providing (ICO).

Additional, builders can construct purposes which might be based mostly on Steem’s know-how. A few of the hottest purposes in Steem are Steemit, DTube, and Utopian. In keeping with the builders, Steem is now utilized by greater than 1 million individuals whereas the variety of Steem apps has risen to 324. They’ve additionally paid over $59 million in rewards to creators.

It’s unclear why the value of the Steem token has surged prior to now few days. The probably state of affairs is that traders are shopping for the tokens dip because it was down by over 70% from its highest level on file. Another excuse is the continuing giveaway by the builders. 

Steem worth prediction

The four-hour chart reveals that STEEM worth has been in a powerful bullish pattern prior to now few weeks. It has managed to maneuver above the 25-day and 50-day transferring averages. The coin has even crossed the vital resistance stage at $0.2163, which was the bottom level on Could thirty first.

Due to this fact, there’s a risk that the coin’s worth will preserve rising as bulls goal the important thing resistance stage at $0.2805. This was the very best level on June ninth. A drop beneath the important thing help stage at $0.2163 will invalidate the bullish view. 

The publish Steem worth prediction: Is $STEEM a great purchase because it rebounds? appeared first on CoinJournal.



Source link

Tags: Bitcoin NewsbuyCrypto NewsCrypto StandardCrypto UpdatesGoodLatest Bitcoin NewsPredictionPriceReboundsSteem
Previous Post

What does the Grey Glacier improve imply for the Ethereum Merge?

Next Post

Documenta will now come below better authorities management in gentle of recent antisemitism accusations, Germany’s tradition minister says

Related Posts

Is Pi Community value something?

by cryptostandard
February 3, 2023
0

Pi coin is without doubt one of the hottest and extremely anticipated cryptocurrencies on this planet. Person metrics present that...

Crypto value predictions: SUSHI, Immutable X, AGIX

by cryptostandard
February 3, 2023
0

SushiSwap value jumped as quantity and income in DEX platforms rose. Immutable X (IMX) did nicely after the launch of...

Bitcoin follows the US greenback’s response after the Fed’s choice.

by cryptostandard
February 3, 2023
0

Bitcoin strikes in a good correlation with the US greenback Buyers are uncertain what to make of the Fed’s choice...

Crypto Gaming Arcade, Metacade, Has Potential to 10X in 2023! Right here’s What You Have to Know

by cryptostandard
February 2, 2023
0

Traders looking for potential positive factors in 2023 have been wowed by the information that Metacade’s preliminary presale phases have...

Well being examine forward of Shanghai improve in subsequent month

by cryptostandard
February 2, 2023
0

Key Takeaways Ethereum’s Shanghai improve is slated for March, when all staked ETH shall be launched and turn out to...

Load More
Next Post

Documenta will now come below better authorities management in gentle of recent antisemitism accusations, Germany's tradition minister says

Tencent to Open Metaverse Division, Sources Say

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT
#
#
  • Trending
  • Comments
  • Latest

After approving a crypto mining website, an environmental group has filed a lawsuit in opposition to New York

January 16, 2023

Over 60% of US dad and mom need faculties to show about cryptocurrency

August 24, 2022

Why Crypto Software program Firm ConsenSys Is Sacking Practically 100 Employees

January 19, 2023

Bitcoin miner Hut 8 registers sequential drop in Bitcoin manufacturing

January 6, 2023

CEX.IO Dealer’s Digest (December 2022)

January 9, 2023

ConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over ‘Ridiculous’ CeFi

January 18, 2023

Layoff Spree Continues: Why This Crypto-Oriented Agency Is Dismissing Some Employees Quickly

February 4, 2023

What Instore For BTC, SOL, AVAX, and GMT Costs? Analyst Maps Subsequent Ranges

February 4, 2023

Tamadoge Hires New CEO Jon Bishop — Token Skyrockets Amid Heavy Shopping for Exercise

February 4, 2023

W3E declares a brand new sequence of Web3 Esport tournaments

February 4, 2023

Nouns Comics Create “Unconstrained Anarchy” With Ethereum NFTs

February 4, 2023

Mastering Self-discipline: The Key to Success in Buying and selling | by BSuccessful | The Capital | Feb, 2023

February 4, 2023
coindesk, cointelegraph, ftx, coindesk ethereum, coindesk luna, coindesk ceo, cointelegraph news, cointelegraph app,

Find the latest Bitcoin, Trending Crypto Updates, Altcoins, Blockchain, NFTs, Crypto Regulations, Interviews, Price Analysis, and more at Crypto Standard

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Crypto Standard.
Crypto Standard is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • BITCOINS
  • CRYPTO NEWS
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • NFT
    • MINING
    • Regulations
  • BLOCKCHAIN
  • WEB3
  • METAVERSE
  • Guides 99
  • Cryptocurrency Wallets
  • Margin Trading

Copyright © 2022 - Crypto Standard.
Crypto Standard is not responsible for the content of external sites.