Steem US Dollar (STEEM/USD) Price Charts for May 22nd 2018 - 24h Change + 4.8%
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| The value of Steem at the moment is $3.13 . It has a current circulating supply of 256 Million coins and a total volume exchanged of $12,299,970. Market Cap $801,579,521 |
24h Low / 24h High $2.93 / $3.14
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Why has SBD fallen against Steem? I remember last October you could buy 4 SDB for one Steem. Now 1 Steem will only buy .7 -.8 SBD.
Because SBD is meant to be valued at 1 USD worth of Steem. If it is above that we keep printing more until it falls to 1 USD.
Small cap coins are easy to pump though because it really doesn't take a lot of Bitcoin to do so, once pumped they can stay above their true value for a long time. But, like everything else price discovery is real. It's still a very young currency, some obviously still believe it is under valued. Time will tell...
Keep Steemin !!
Will steem rise to top 3 cryptocurrency since it hit a 2nd place the last chinese evaluation.
I highly doubt it, but it will likely have another good run yet :)