Steem prices go Down to $5.94 and 1 SDB = 1 Steem
Steem prices went down today from $6.44 to $5.91, like a said in my previous post, I expected for the prices to start dropping and i think this trend will continue this incoming week.
Like a said in my post Steem Revival, prices are still raising to $6.44, but i don't think the prices will continue to grow for the near future, Steem prices experimented a rapid grown so it was obvious they will go down, and then it will come an organic increase in prices due to increase of users instead of people buying coins because they expect the prices of Steem reaching $100 for December 2018.
Taken from coinmarketcap.com/currencies/steem
In other aspects, Steem Dollar prices plumed and now are matching Steem prices, they can still recover and bounce back up but, I was expecting this because SDB has all the reasons to go down, after all it is a coin that its manly use is to cash out and not to hold in value, I expected SDB to go down to its intended price of $1 in the far future, and Steem raising in prices.
And lastly, like a said last time, the volume of bitcoin is not enough to sustain the price of Steem, augmenting my expectations for the price of Steem going down, we can see a change in the price if the trade volume increase again.
Taken from coinmarketcap.com/currencies/steem
The best thing you can do, is keep making post and comments, and keep earning Steem and SDB. Until next time Steemians.
This is just my opinion and it is not an advise to buy or sell, take it as you will.
Thank you for reading thus far, give up an up-vote if you like it and find something of value in my post, it helps me more than you think. Until next time Steemians, and remember to spread the word about Steemit around .
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