Charts of the Day 2018-06-01 STEEM/USD SBD/USD STEEM/SBD STEEM/BTC

nealmcspadden (69)in #steemit • 6 years ago

Another fairly quiet day, but with an uptick today.

All charts are done by me in excel.

STEEM/USD

SBD/USD

STEEM/SBD

STEEM/BTC

We're seeing a slight bounce in the USD prices of STEEM and SBD, but flat in terms of BTC. So that tells us that money is coming into the crypto asset complex rather than into STEEM or SBD particularly.

#cryptocurrency #investorsclub

6 years ago in #steemit by nealmcspadden (69)

Sort:

dowdogs (60) 6 years ago

Why do you think the value of SBD is dropping against STEEM?

Do you think that will continue or do you expect it to bounce back?

$0.17

1 vote

[-]

nealmcspadden (69) 6 years ago

I think the general trned will continue because more SBD is being created.

$0.13

6 votes

[-]

dowdogs (60) 6 years ago

I was wondering if there would be pressure for it to rise.

I say that because SBD is limited to a certain percentage of the value of Steem. When it exceeds that limit - part of the author rewards are paid out in Steem instead of SBD, That is what is happening at the moment if you look at your rewards.

So in that sense a lower then normal amount of SBD is being created as compared to Steem.

$0.00

[-]