Weekly Noob Look at Crypto Market #13 - SteemLEO Wild Ride!

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(Edited)

Sometimes I ask myself is there a meaning of writing these weekly reports about the crypto markets when it is so quiet the last few weeks... I mean, there are some movements, but one week it goes a little bit down, the next one comes back, and so on... :)

Anyways, let's start as always, with our Bitcoin daddy... :) I've written that intro exactly because of the BTC and its moves... It started a week at $9200, drop to $8700, and now it is around $9080... And just to get a bigger picture, 2 weeks ago it was exactly where it is now... I would say that BTC we can say that it's doing sideways for some time... It is hard to admit, but last 6 months it is doing bearish things...

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As for Ethereum, the situation is different. The price has gone up from last week's price of $183 to $189... Also, if we take a look at BTC pricing, the situation is pretty the same... The price went up from 0.01939BTC to 0.0209BTC, not too much, but it was nice slow and steady move up...

Despite the #SteemFest4 and very good news from there (as I look at that news), the STEEM price went slightly down from $0.152 to $0.143... I would say that STEEM is doing similar to BTC because there are a little movement in the price... The price which is today was exactly the same 5 weeks ago, at the beginning of October. If we take a look into BTC pricing, STEEM was worth 1659 satoshis, and now it is at 1578 satoshis.

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If those were quiet markets, then CTP token is ultra-quiet... :) The price was in 0.01120-0.02277 STEEM range almost the whole week, but it is true that the trading volume was also very low. The circulating supply is 605,309 CTP tokens and the last 24h volume was: 12 STEEM / $1.69.

On the other side, DEC token had an interesting ride to the bottom at 0.00515 STEEM per token, and then a swing to a 0.00680 STEEM. It was a really big range with great trading possibilities... As I'm a fan of DEC token, I had some nice selling orders around the 0.00670, and now I'm slowly buying back my tokens... I suppose that these current movements are only the speculations of "big boys" because everyone is waiting for new cards to come and then we can expect the rise in the price. The circulating supply of 95.016M DEC tokens and the last 24h volume was almost double then one week ago, 18,682 STEEM / $2,673.33.

As for PAL token a few 100+ STEEM buy orders pop up around the 0.033STEEM price and stabilized the price for some time and there were no big movements during the week... The current price is around 0.033-0.034 as it was 7 days ago. The circulating supply is 15.728 M PAL and the last 24h volume was 177 STEEM / $25.11.

SPT token continued it's dropped and now it is around the price of 0.00360-0.00370, but it was around 0.00500 during the week... We will see how it will perform in the next one... The problem is that there are no too many buying orders, but that can be also addressed to the "peaceful" period of Splinterlands game (as it is the token directly connected with the game)... Circulating supply is 26.935 M SPT and the last 24h volume was good, 562 STEEM / $80.35.

If we take a look just on numbers for LEO token someone would say that nothing special didn't happen as the price is now around 0.22-0.23 STEEM and the past week was slightly less... But, it was a crazy week as the price went to almost 0.80 STEEM per token during the week! It's always interesting in LEO space :) Circulating supply is 4.102 M LEO and a 24h volume was 280 STEEM / $39.99.


My staked tokens summary (this week - last week):
CTP token - 21100 (19140)
PAL token - 779 (767)
SPT token - 13680 (13466)
BATTLE token - 8074 (7962)
LEO token - 3086 (3068)

~ph~


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6 comments
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Thanks for the weekly updates! I think I should looking closely at my sets of tokens, huh? Need to learn more about investing... 😉👍

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Well, my advice would be to look at the "team" who is behind some token/project...

  • Take a look at circulating supply and the total amount of tokens (require additional research)
  • compare the price with similar token with similar supply
  • check if the token has a use-case
  • check the whitepaper of the token
  • check if it has something special (weekly burn of coins, gadgets on their websites, monetization)
    etc.. :)
    I hope this didn't scare you too much :)
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Nice to see how they develop Zoltan, even if they go sideways right now, and you had a nice progress with your own stake, stay awesome.

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