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RE: STEEM Update: BREAKOUT!! BREAKOUT!!
I wonder will someone be able to explain what really happened in steem world? For so long both steem and SBD were tumbling around ~$1. And tonight steem jumped +25% while SBD +230%. Why is this? Why this SHARP jump? And what makes sbd to walk so much away from it's native $1 where it should sit all the time ? This SBD price crazy fluctuations is a total
mystery to me.
BTW i put another $1300 into my steempower about a week ago. I'm so glad I did.
Looks like SBD is pumped. It is easy to pump due to its low circulation. Pump was coordinated with STEEM's uptick. For STEEM uptick, it could be correction (has been low for a while) or Korean exchange news. During fake pump of SBD ($3), people chased to the peak to dump, if they can't they lost big. Eventually SBD will be back to $1.