You are viewing a single comment's thread from:

RE: Crazy SBD Pump

in #sbd4 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 0.23
TRX 0.21
JST 0.035
BTC 97772.99
ETH 3406.15
USDT 1.00
SBD 3.27