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RE: Steemit Crypto Academy week 6 - Stable coins |Homework task for @yohan2on | SBD stable coin

in SteemitCryptoAcademy • 4 years ago

Hi @janemorane

Thanks for attending the 6th Crypto course and for your effort in doing the given homework task.

Feedback

the market value of SBD is way high than it should be because 1 SBD is always equal to 1 USD but now one SBD is equal to 6.6 USD which is almost six times high than the value it should be. It is only because the demand for SBD is very high and that's why its market cap is high now a days.

Great observation and reasoning here. I have not always paid attention to the reason for SBD's increased price and for now I have gotten the logic behind it.

Homework task.
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4 years ago in SteemitCryptoAcademy by
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     4 years ago 

    Thanks a lot sir for your feedback and great marks ❤️

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