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RE: SBD peg is dead

in #steem • 6 years ago

Mine was an estimate. In order to make sure I was correct, I overstated a little. But I doubt 40 cents will restore the peg if the current sell pressure of SBD continues. I would say it's in the range of 50 - 60c.

Also, it isn't quite mathematical. It depends on SBD buy / sell pressure as well.

6 years ago in #steem by
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     6 years ago (edited)

    40 cent STEEM will restore the ability to convert SBD into "about $1" of STEEM (instead of about 58 cents currently). As for market price you are correct that is subject to market forces.

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