Steem coin is outshining all major crypto as a 23% increase is seen in a Single day

STEEM coin is making a rapid surge today and left behind all other altcoins- even Bitcoin. The coin, today, has shown its one of record moves of all time. It is going upward with a 23.94% change in the past 24-hours and standing at $0.14.

The 4-hours chart is unveiling itself with the trend line marching in the downward direction after going down. The support level at $0.10 had so much stamina that it pumped the value upward by 23% in a single day.

STEEM Price Value

The price value of the Steem token is standing at $0.14 at the time of writing with a 23.94% change in the past 24-hours.

STEEM Market Statistics

  • Market Cap: $49,645,684 USD
  • 24-hours Volume: $2,449,246 USD
  • Circulating Supply: 352,384,312 STEEM
  • Total Supply: 369,358,406 STEEM

Weekly and Monthly Performance

The monthly data of the token shows that no significant difference is observed over the whole month as the trend line was hovering at $0.13 on Oct.27 which then spiked to $0.16, the highest value of the month. It dived and got the figure of $0.10. Finally, it surged to a position which is today value.

Similarly, the weekly performance of the token is also steady and has not shown sudden up and down moves as compared to the present situation. In the weekly data, the trend line touched the line of $0.10 but it recovered rapidly.

STEEM Price Prediction

The coin is outperforming the cryptocurrencies in the markets and jumped to rank 80 from 84 in just a single day. As I have early mentioned the support level at 0.10 made it skyrocket and is continuously increasing. It seems that big crypto whales are active and pushing the coin upward. At the same pace, it seems that today the market will close at $0.15.

Steem News and events

It is announced on the Nov.18 that you can now buy STEEM cryptocurrency through credit card at zero payment fees.

Steem platform encouraged their users and members by allowing them to create their own blockchain-powered blogs on the platform.

Conclusion

Steem coin is outshining the digital currencies and is surging in the upward direction. The next target is $0.15 which does not seems to be a strong resistance level and coin may show some more bullish moves.

Josh Welson

A writer & digital marketing expert working in this industry from past 12 years.

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