SBD hit 5$ is it good sign ?
Hello steemains today SBD (Steem dollar) hit 5.74$ this is almost 588% growth this year alone. According to coinmarketcap.com in January 1, 2017 SBD price was 0.974155 usd. In December price burst to 5$ within few days now SBD traded high 5.54$ in bittrex exchange. Last time SBD bubble burst happen in May 17, 2017 SBD traded high 22$ but after 1 day price dropped to 1.88$.
According to some analysis SBD hit 7.721$ in five years but in my though SBD hit at list 20$ in five year.
Well time will show us is it true or not and i'm little bit afraid of bubble burst now because SBD hit to high in few days.
Currently SBD market cap is $20,000,627 USD = 1,247 BTC it's almost 600% growth in few days.
While Steem is traded 1.57$ with market cap $387,464,980 USD = 24,298 BTC
Steem and SBD are both growing but SBD growth is extraordinary so i think it's possible happening big manipulation.
Well doesn't matter still it's good for steemit community and it's possible to drop 1$ soon i think what you guys think about current SBD price rises ?
Everything goes lower, but steem goes higher, I can't be happier :D
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