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RE: Crazy SBD Pump

in #sbd6 years ago

Very interesting to see this "mini repeat" of the big pump from back in 2017.

It always seemed a bit dodgy to me that SBD was supposed to be a stablecoin, but the supply was so low. The "dodgy" part being that traders looking to make a few fast bucks don't care what a toekn is "supposed to be," they just create a profit opportunity. End of story. As I recall, it took a very long time before the so-called "self-correcting mechanism" actually got SBD back to $1.00-ish.

It'll be interesting to so where it lands, this time.

Coin Marketplace

STEEM 0.05
TRX 0.33
JST 0.079
BTC 63481.02
ETH 1684.55
USDT 1.00
SBD 0.42