Can $1 SBD be worth $12? Bittrex says so!

in #steem9 years ago

Seems like the Steem Backed Dollar (SBD) has been experiencing some sort of growth recently. From my understanding, idea of SBD is so it provides $1 worth of Steem. But everything is possible in crypto, and $1 can be worth $12 !!!

Whilst we've seen this in the past, SBD has tended to $1 over time.

Suggestions : Select 50/50 rewards and buy Steem with your Steem dollars! Also post some interesting stories with our community! Happy hunting!

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I do not understand how SBD can be more than $1 ??? Kinda crazy ... Is there any info to read into why this is happening?

Interesting

we need to work harder on our post !

Your post is really important when you saw the post given by our platform with the price of our platform. I was really surprised if today had to say something to me, then today I could get it up and get it very well, how do you say I'm not right?

I think the reason is clear and it is fueled by the demand of steem and steem dollars.
If you have some SBD, exchange it you will be happy to see how many steem you get.
Ride the wave while it is high.
Keep on steemit.

This post has been ranked within the top 80 most undervalued posts in the second half of Dec 08. We estimate that this post is undervalued by $26.08 as compared to a scenario in which every voter had an equal say.

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