## Market Sentiment
We cannot overemphasize the fact that Steem is one of the most promising cryptos in the market today. However, the market sentiment at the moment is looking bullish following the increasing trade volumes and the growing price of bitcoin in the last 24 hours. If the trend continues, Steem is likely to hit $2.5 in the coming days.
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## Current Rank in the Last 24 hours:
**30th place.** This is three places down in the last 24 hours.
## STEEM Price: Yesterday vs Today!
Steem is presently trading at $1.84 (+7.5% in the last 24 hours). On a broader perspective, in the last 30 days, the price of Steem has fallen by 34% and by 211% over the last 60 days when it traded at $3.89 on May 2nd 2018.
### The Steem Marketcap Vs. Trade Volume in the Last 24 Hours
The Steem Marketcap as at the time of filing this report is $486,471,755 while the trade volume in the last 24 hours is estimated at $15,519,700. Comparatively, the trade volume of Steem has **declined** by an average of 2% across the major exchanges in the past 24 hours. This is perhaps because the bears are selling off already. However, if the upward trend becomes sustainable for BTC, Steem will also follow.
### Steem, to Hodl or to Sell?
It is time to hodl your Steem because the recovery we are seeing now is good and may be a prelude to a bullish run. Or what shall it profit a man if he sells his entire Steem and is found wanting when the bulls come?
## NOTE
This report was compiled relying on the statistics from the reference provided herein. While we did our best to ensure that the information provided here is correct, @steemitcentral all not bear any liability arising from any misinformation in this report.
See you again tomorrow for another edition of the evening Steem Price Report.
**Reference**
https://coinmarketcap.com/currencies/steem/
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