Steem Dollars rockets from 273 to 139 most valuable cryptocurrency in the world

Steem Dollars (SBD) rockets from #283 to #140 most valuable cryptocurrency in the world on a RED day.

Market Cap==> $4,863,357/ 2,045 BTC

Volume (24h)==> $1,799,830/ 756.64 BTC

Circulating Supply==> 2,587,815 SBD

Current Price==> $1.88 (+16.39%)/ 0.00079006 BTC (+26.35%)

I in previous blog I provided some analysis and the possible future direction. Here is a link to that post
https://steemit.com/steemit/@daudimitch/can-steem-dollars-and-steem-face-parity

Currently Steem Dollars(SBD) is more expensive than Steem. In my previous post I ask the key question "Can Steem Dollars and Steem face Parity?"

One a RED day, STEEM Dollars away as one of the winners, with a +16.39% increase in USD and +26.35% increase BTC. The graphs point to further upside as it has broken through key Fibonacci levels highlighted in my previous post but more importantly the key RESISTANCE levels. The fundamentals support further upside and as user growth continue to rise, the demand for SBD could help lift its market capitalization higher.

Thanks for taking the time out to read this post and remember

Upvote, Resteem and follow @daudimitch

                 Sources

https://coinmarketcap.com/currencies/steem-dollars/