Is STEEM preparing to Bounce Strongly ? 💰💰💰

As I wrote in this post a few weeks ago when I digged into HF21, I believe this will be very positive for the STEEM price in the Medium Term.

Now that we have different tokens (thanks to Steem-Engine and soon to SMTs). The ecosystem is flourishing quickly through the many dapps that you all use daily.

With this new HF21, stakeholders (therefore investors) might play a bigger role curating and harvesting more value of the STEEM Blockchain. In order to do so, they will have to increase their SP Holdings (which we are seeing during the past 2 days).

STEEM Price is performing very well ahead of HF21

I read daily very carefully @penguinpablo reports. In the past days, we have seen Steemians STAKING more than they were Unstaking ! Yes, you read that right.

This has not been the case for a long, long time and I believe considering the current price of STEEM outperforming the Crypto Market, a few more days like this and we could get into a STEEM Frenzy again.

Steemians and Investors have been powering up in the past 2 days

I have been buying STEEM in the past months and will try to do so before HF21.

Active Steemians Writers are also staking

I came accross this post from a fellow Steemian @toofasteddie: https://steemit.com/newsteem/@toofasteddie/harvestingtime-7yr6gb5xmq

In this post, he is explaining why he sells its STEEM Alts to Buy more STEEM before the upcoming HF.

I think, to make STEEM price continue on this trend, we just need a few hundreds of Steemians, before outsiders see the move and amplify it !

Stay Put, Kepp Building and Kepp Buying STEEM !

Harvesting Time

Finally I’m back from holidays trip.

I am spending the whole morning setting up and updating my Steem account everywhere, Steem-Engine, @actifit , @drugwars , @steempeak … I realized I have a serious amount of S-E Tokens accumulated at the Steem-Engine Wallet which is amazing but, man, we are at just 4 days from the HF21 date and here what we need is to ACCUMULATE as much SP as possible, just preventing what will happen after its deployment.

To do so, and following the exercise done previously by @ervin-lemark here , I am harvesting all the S-E tokens that I am not considering for the Long Run and staking others I think can do well in the near future, in particular, I am staking mostly the rewards of PALNET, LEO, SPORTS, PHOTO and, possibly LIFESTYLE …

This is how my Steem-Engine Wallet looks like now:

Regarding @actifit AFITX tokens, here I am a little bit in doubt…. I don’t like the way they set up this trade, I think @actifit is pushing so hard to the users by maintaining a crazy competition in order to be a top25 AFITX holder and getting so the right of having upvoted earlier…so I am going to “short” a little more my AFITX stake, selling at a better price than the price on which I purchased them.

All the rest of S-E tokens are going to be exchanged for STEEMP and then POWER UP just to increase my SP amount before HF21… then will see how much I am being able to achieve here.

After “Harvesting” and “Exchanging”:

58 STEEM have been “harvested” after 20 minutes of trade!

Now, the process is very simple, I am going to withdraw them and POWER UP all of them!!!!

Opportunities are everywhere, you just have to see them.

Believe me, the STEEM Blockchain is the place where you have to search them.

Get prepared for the #newsteem time!

@toofasteddie

🗞 Daily Crypto News, August, 23rd💰

  • Binance: Funds ‘SAFU’ After Amazon Web Services Error Stops Withdrawals ;
  • Ethereum Poised to Be First Public Blockchain in Hyperledger Consortium ;
  • Circle Is Raising a $100 Million Fund for Its Crowdfunding Arm ;
  • Coinbase Now Allows You to Access Dapps on Desktop Browsers ;
  • Using Fear & Greed Index to trade? Why not, it seems to work ! ;
  • 📑 Daily Crypto Calendar, August, 23rd💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Binance: Funds ‘SAFU’ After Amazon Web Services Error Stops Withdrawals

Cryptocurrency exchange Binance has confirmed user funds are not at risk after a reported technical problem began affecting withdrawals. 


According to CEO Changpeng Zhao, also known as CZ, the situation was being resolved on Aug. 23, while funds security was not compromised. 


“Funds are #safu,” he wrote on Twitter, employing a now well-known catchphrase he had previously inadvertently created while confirming there was no danger to cryptocurrency holdings.

🗞 Ethereum Poised to Be First Public Blockchain in Hyperledger Consortium

Ethereum could become the first public blockchain on Hyperledger – if the open-source consortium’s technical steering committee approves a proposal to adopt the ConsenSys-backed Pantheon project.


Pantheon is a suite of ethereum-based services built by PegaSys, a 50-strong engineering team at ConsenSys. The Pantheon ethereum client, built on Java, is used to develop enterprise applications with features like privacy and permissioning.


The proposal was sent out in a Hyperledger mailing list email on Aug. 8, and if it is accepted, Pantheon will be renamed Hyperledger Besu (a Japanese term for base or foundation).


The approval would bring Pantheon’s protocol under Hyperledger, joining blockchain projects like Hyperledger Fabric by IBM and Hyperledger Sawtooth by Intel.

🗞 Coinbase Now Allows You to Access Dapps on Desktop Browsers

Coinbase Wallet’s decentralized web feature will allow users to link to supported Dapps from any browser using a new system called Walletlink.


The San Francisco-based cryptocurrency exchange announced today in a blog post, the open-sourced Walletlink acts as a “secure bridge” between the Coinbase ecosystem and the traditional web.


The feature will enable Coinbase Wallet users to access and administer their funds – separate from their crypto holdings on Coinbase.com – from a desktop Dapp interface for the first time, said Coinbase Wallet product lead Sid Coelho-Prabhu.

🗞 Circle Is Raising a $100 Million Fund for Its Crowdfunding Arm

Circle is hiring a new general partner to raise a $100 million venture capital fund.


The fund will take advantage of the deal flow coming through SeedInvest, the equity crowdfunding startup that Circle acquired in March 2019.


The listing on LinkedIn says: “The Partner will be expected to develop and drive an investment thesis designed to leverage SeedInvest’s sizable deal flow and its unique network of 250,000 investors to maximize returns.”
SeedInvest emphasizes itself a registry of potential startup investments that have been thoroughly vetted by the firm before they are shown to users.

🗞 Nonprofit Launches Blockchain Platform for Credit History in Sierra Leone

San Francisco-based nonprofit Kiva, a company that crowdfunds loans for financial inclusion, has launched a blockchain platform for credit history with the government of Sierra Leone.


According to a Reuters report on Aug. 21, Kiva and President of Sierra Leone Julius Maada Bio jointly launched the blockchain initiative in the country’s capital. 


The platform will use biometric data collected by the government, such as fingerprints, in order to access the credit history of citizens in the country. This will purportedly give a way for lenders to obtain citizens’ credit history.

🗞 Using Fear & Greed Index to trade? Why not, it seems to work !

The complete list of factors with their weighting

  • Volatility (25%)
  • Market Momentum/Volume (25%)
  • Social Media (15%)
  • Surveys (15%)
  • Dominance (10%)
  • Trends (10%)

For a full disclosure on what are these factors exactly referring to please go to their website

More analysis and thoughs here

We are seeing a very high level of fear (or low level of greed). I posted below a graph of their Fear & Greed Index followed by a graph of the Bitcoin Price.

In the last 18 months, the indicator dipped strongly 2 times before and when it did you can see the reaction by BTC a few weeks later !

To see this graph, go to my previous blog post

image.png

📑 Daily Crypto Calendar, August, 23rd💰

“Nash will go live on 23 August 2019. ETH/NEO cross-chain trading, funds management tools and fiat ramps will be available at launch…”

“Due to breaking changes for exchanges, we have scheduled a soft fork on August 23, 2019.”

“Parntership with top 100 CMC token.”

“If you’re in Berlin this week, be sure to RSVP for the Stellar Meetup with SatoshiPay on Friday, August 23!”

“We invite you this Friday to learn more about #AE’s #Sophia language, #statechannels and #Starfleet incubator.”

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

So the bounce from the support line created from the lows looks quiet powerfull. We are going quickly in direction of the resistance line at 0.18$. The question will be to see if we will be able to break it this time or if we will play ping pong between these 2 lines. Stay carefull, I’m not sure that the bounce on the BTC will continue so we could be heavly impacted on the STEEM.

image.png

Last Updates

image.png

Join this new Free To Play on the STEEM Platform !