RE: STEEM Dollar (SBD) Readying to EXPLODE!! Target $21.95 or higher
Anyone holding SBD will lose their money... 1 month ago there was just 3 million SBD in supply, Now it's almost double. 5.28 Million SBDs circulating right now! But the market cap hasn't increased much...
Where did it all come from? Well the only source of SBDs is Author Rewards... Due to the increased activity of posting twenty times a day, voting on sockpuppet accounts, circle voting and self-voting issues of whales, the SBD production is getting bigger and bigger and more SBDs are circulating in the supply chain. Although the current demand for it and the recently created HODL hype of people has been holding the price between 8-10$, it will drop dramatically when the number of SBDs
continues to rise at this rate.
Don't be a sheep and follow the hype. Do some research before investing in SBD guys. You have been warned!