Steem Dollar is now more than 10 USD | Twice it's predicted price
We all know 1 Steem Dollar is now more than 10 USD.
It was predicted to be 4 USD by the end of this year, that is 2017. But it's more than double of it's predicted price. That's 10 USD per steem dollar.
Source: https://walletinvestor.com/forecast/steem-dollars-prediction
It is predicted to be 12 USD by 2018 but the way it's rising, we know it will be more than 12 USD but not sure by how many times. At least twice it's predicted value, i.e. 24 USD could be 4-5 times the predicted value by 2018, that's what I think.
Who to hell is buying it? !! Why? Does it have that low curculating supply whales can pump it so easily?
It's the increase of demand that's increasing the value, not the supply. (Diamond has more demand and less supply, hence it's expensive; that's the demand and supply rule of economics) Though the value of all the cryptocurrencies are increasing significantly, but steem dollar has it's own demand.
Steemit could be the next Facebook or Reddit. And people don't have to buy it either, then can earn it simply by writing articles. Hence it's demand is rocket high.
Why do they buy SBD so much more than just Steem? Thats what I dont understand.
Not an expert to comment on that, but maybe because the SBD seems more promising as it could be both buy and sell, and people can convert their Steem into SBD very very easily, causing it's demand to rise even more.