Following on from yesterday's stellar announcement regarding the proposal to leverage the Steem Blockchain with Social Media Tokens I am not at all surprised to see Steem bullish at $1.62. by stephenkendal

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steem · @stephenkendal · Sep 29 '17 (edited)

$15.61

Following on from yesterday's stellar announcement regarding the proposal to leverage the Steem Blockchain with Social Media Tokens I am not at all surprised to see Steem bullish at $1.62.

<h2>#Steem Price Chart</h2>

![STEEM.png](https://steemitimages.com/DQmUnHadykPBYD5AX1wWKqQoV9bq26XWN25itpq6YzLomh4/STEEM.png)

<h2>#Steem #dMAmapping⇗⇗⇗⇗⇗⇗ Screen</h2>

![STEEM dMAs screen.png](https://steemitimages.com/DQmcAmbGTug5S63LXcJwKmea99gEWphUoWScejWTy4jbuzq/STEEM%20dMAs%20screen.png)

<h2>Social Media Tokens</h2>

Yesterday's announcement to leverage the #Steem Blockchain with #SocialMediaTokens #SMT is massive news and a potential game changer for #Steem as it will allow exponential scalability of the #Steem Ecosystem at an unprecedented rate.

This scalability has in essence, with the swipe of the pen, increased the demand for #Steem overnight.

As yesterday's news is chewed over by the market and the proposal to leverage the #Steem Blockchain with #SocialMediaTokens #SMT sinks in, I am not at all surprised to see #Steem bullish at $1.62.

<h2>Technical Analysis</h2>

#Steem triggered a #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert Signal on 10-May-2017 at $0.85.

From triggering the #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert, #Steem has seen a modest growth of no less than x 1.91 to the current price of $1.62.

With a current Market Capital of approx. $390m and Ranked No.20 in the #CryptoCurrency Market, #Steem has seen a steady growth these last 5 months.

Following on from yesterday's game changing news, we maintain a BULLISH recommendation on #Steem and will continue to monitor the Technical Analysis over the next few weeks/months.

<h2>Year End Target</h2>

I maintain my Year End Target for #Steem at $4.70 with a Market Capital of approx. $1.2 billion. 

Thanks again for reading.

Stephen

👍 stephenkendal, alexis555, deanliu, sephiroth, vortac, crypt0, therealpaul, nanzo-scoop, joshsigurdson, pharesim, etcmike, ghostwriter82, cryptoeagle, ryanreynolds, molometer, bitcoinsig, sandra, ackza, virtualgrowth, preparedwombat, themagus, brains, sv67216721, gduran, vandal, kevbot, alao, mandagoi, mikeaga888, karenmckersie, coolbowser, eirik, lovemetouchme2, justdentist, slider2990, saamychristen, rlh100, momar, omar-hesham, viktorcapulet, mers, lasseehlers, t-bot, profitgenerator, mafeeva, rmaxhuni, saamychemistry, arunava, mummyimperfect, buzzbeergeek, lifewithcrypto, kyusho, sellout, xredsoulless, cryptoninja, bbomber, omacrypbiz, ananloge, ak2020, mezzedup, hedge-x, savana, gordonovich, wikifacts, and 23 others

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@ackza · Sep 29 '17

damn straight! yeah u hear Kik raised millions with its crypto currency token so we should find a way to combine the SMT with the new klick project oh man imagine getting kik integration somehow LOL

oh man we need some way to make a Steem Magazine  and take advantage of SEO

we need to drive traffic to steemit pages, take advantage of the fact that Steemit pages are a free way to host content, use marketing strategies like adwords etc

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@bbomber · Sep 30 '17

any SMTtoken is an asset issued on top of the STEEM blockchain and it's traded in a SMTtoken/STEEM pair, so the steem is major trading pair for any SMT in this way it helps steem token itself.

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@jufni · Sep 29 '17

Late my klik upvote..

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@lovemetouchme2 · Sep 30 '17

$0.35

Good news

👍 lovemetouchme2

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@molometer · Sep 30 '17

Better get them buy orders in fast. This could signal a huge take up of steem. @stephenkendal

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@ogunlaja · Sep 29 '17

Thanks for sharing ,

Upvoted !

By the way ,I started following you and I would appreciate your follow back too .
please visit my blog and vote me too

Its so exciting to be on the ground floor. I think most people don't realize how lucky we are to be a part of this as a community. Things of this magnitude are usually only available to the elite. If the power of the community could be harnessed the growth could be exponential

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@omar-hesham · Sep 30 '17

Mr.Stephen
If you may please look at your wallet i sent you a tiny gift.
Omar

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@omido98 · Sep 30 '17

Let us all just relax and let the developers do their thing. It seems like they have full control of what they're doing :)

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@preparedwombat · Sep 30 '17

IMHO, even more impressive than the price rise has been the spike in *volume*.

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@steemitboard · Sep 30 '17

Congratulations @stephenkendal! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/post4day.png)](http://steemitboard.com/@stephenkendal) You published 4 posts in one day

Click on any badge to view your own Board of Honor on SteemitBoard.
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@stephenkendal · Sep 29 '17

$0.11

Shared on twitter. Stephen

https://imgur.com/wXIv0hH.jpeg

👍 etcmike

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