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RE: Unpegged SBD: A Pointless Speculative Asset
It's hard to say given the speculation outside of the ecosystem. I'm sure some wealthy individuals simply use SBD as a pump and dump instrument given its scarcity.
I think it’s rising for the same reason as ebtc and bitcoin itself. Limited supply plus a solid use case (remittances or hashing power or even) lead to an appreciating store of value asset. That’s fine but if we have a good store of value asset we should increase supply so it can be more widely used. It’s value as store of value asset will go up the more people have it and the less volatile it is.