Steem Dollars are at a 2 week high
Steem Dollars have been pumping for about 5-6 days now and are slowing gaining on Steem also!
Steem Dollars are currently $5.73, and this is the highest that they have been since the 30th of January! This is great news, especially for the content creators on Steem.
Steem has been gaining back for a few days now and it started it's pump even before Bitcoin started recovering. The news out of South Korea that they do not intend to ban Bitcoin or cryptocurrency as whole has helped relieve concerns of the market and helped Bitcoin and the rest of the crypto market recover from it's brief bear run. For the most part, Steem seems to somewhat follow the price of Bitcoin so the recovery of Bitcoin should help Steem in the near future also!
The ratio of Steem Dollars to Steem is also growing as well as it seems that Steem Dollars are gaining at a faster rate that Steem is. At least both have been on the rise for about a week now.
What do you think will happen with the price of Steem and Steem Dollars over the next few weeks? Tell me in the comments, and I am very interested to see what some of your take's on this might be.
One love,
@jgullinese you are right but I think steem will be increse then steem dollar. Because wittneses also want to increse of steem and decrease of sbd.
Actually, it's crypto world and anything can happen, but with the look of things, I think this week is a great week and I'm expecting the best
SBD will cost 1 USD
Like back
No idea what will happen. It's all a mystery to me. But I like that I can get more Steem for my SBD now if I power up. I wonder if the witnesses will start dumping more SBD into the market again to try and bring the price down. Seems it's only a temporary fix from their point of view.
I think it will climb for a while. I would love to see it back at the $10 mark