Remember when I said that SBD would stabilise around $5 USD?
I had told Frank and I commented about it on some posts here on Steemit.
This was when it was at $10 and I knew that was too high. Everyone was worried it would crash back down and go below $1. So then Dan Larimer was interviewed by WAM and specified about the $1 floor that allows SBD to go up but never go down below $1. And then it crashed even more drastically than it shot up.
I didn't base this on fact, I didn't base this on statistics. It was a mere hunch, just one of those feelings, and it sounded good in my mind and seemed to make sense.
SBD seemed to have stabilised around $3 a few weeks ago, after dipping back down to almost a dollar, but in my mind it just seemed as though the new average value for SBD would be around $5 and it would be there for a good while. And I had had this feeling since SBD hit $10.
So now that while begins. We shall see if my hunch is a premonitory feeling, or if it's just that I like the number 5 and it seems like a good number to me.
All I know is that for the past week, SBD has been fluctuating within the $5 spectrum and seems to have found a stable flooring on that level for now.