[Breaking News] Steem & Steem Based Dollar Is Skyrocketing (Up 240% For SBD)
Why? Looks like both these cryptos started to trade on the Korean Crypto Exchange called KRW.
Here is the daily chart for Steem: (Up 17% right now)
Comment: Steem has been in a downtrend since June so it is about time for Steem to make a move here.
Here is Steem Based Dollar (up an amazing 120%)
Comment: SBD is vaguely pegged to the USD but it is still highly volatile as you can see from the chart. Whats nice here is that the volume is really picking up which is a very bullish sign.
Thats all I have for now, but I will keep you updated on the Steem development.
Happy blogging and trading!
Thats a great arbitrage oportunity as i had some sbd here, but infortunaly i only say it now....
yes, imagine if you would have seen at when it was up 240%, but you will probably make a great profit if you sell now since it is very likely that SBD will go back to the dollar peg
I understand that the Korean folks do control a lot of the cyptocurrency markets. But, what does this mean for STEEM?
it is great for Steem, a lot of users are from Korea and the volume today is the highest ever.
Very Exciting!
Thank you for the update.
I will make sure to follow your blogs/posts!
follow me plz
Thank you for updating news. Upvote.
Hoping to see steem and sbd mooning...