Steem And SBD Roaring Back Righ Now
It has been a rough month for any crypto, but in the last couple of hours, STEEM and SBD have decided to make some serious gains.
(Source)
When compared to the market in general over the last 24 hours, Steem and SBD are looking very strong and healthy. I think that is awesome.
Here are the charts for the last 24 hours. From Coinmarketcap.com.
First look at Steem. An awesome spike on the right side of the graph.
The same thing is happening to SBD right now.
The good news both are up and shooting up at a time that most of the other coins are having a hard time finding a footing. It is interesting too, there is a big spike in volume activity too.
With so many projects panned for the Steem blockchain, and a growing and active site that already does more transactions a day than Bitcoin, it is a wonder why Steem and SBD are not valued higher.
I hope we've seen the bottom of this bear run and we are starting to move up, but who the hell knows? All I know is that Steem and SBD fell with market trends but didn't sink as low as many of the other coins did. They retained a fair amount of value and have bounced back first several times lately. I feel very good abut being a holder of Steem and earning SBD through Steemit.
What are your thoughts?
Do you think Steem and SBD are looking good or do you think there is more red in the future?
Let me know your thoughts in the comments below.
Thanks for reading.
awesome! this is GOOD news! i've just been biding my time, powering up.
at first it was a bit discouraging seeing all of the post payout values go down so far... then i started to have a better attitude about it, just realizing that just like life, steemit ebbs and flows! there are the high times (going to $10!!) and the lows (oh no will it drop under $2!)... both are a part of it.
i'm glad it's been so stable. we're getting some good mainstream coverage of steem. i think it's only up from here as more mainstream adoption happens...steem is on the radar!!!
It is great news. I hope we have made the turn in the market, but we'll see! Powering up is a good thing. Now that SBD is about even with STEEM, I'm looking to start converting more. Thanks for the reply.
I'm really happy to see steem and sbd bouncing back again. I hope the bottom was reached and this will be the start of a huge rise.
Steemit is extremely valuable as a totally new form of social media but it is also still 'the new kid on the block'. I feel like it is still under the radar for a lot of (important) people. Once this platform reaches the audience and attention it deserves, I think the sky is the limit regarding value.
I see more and more people complaining about Facebook, Instagram... and searching for alternatives. Especially Facebook is harming itself lately by changing their algorithms to favour certain posts over others at the cost of posts by actual content creators. Their move to ban any crypto related advertising ("because it is all a scam, there are no legitimate crypto projects") feels like a desperate attempt to delay the inevitable.
A big community and a fast blockchain = Real value
Hopefully they'll continue to rise..
Very nice. It is good to see some green after the blood bath. Thanks for sharing.
I've been hodling my SBD ever since it dropped below $4 because the exchange rate on other cryptos was really getting horrible. I'm counting on it to overperform on the way up and Steem is overdue to find its place in the top 10. I'll start selling SBD again when it gets to at least $5 and meanwhile I'll keep hoarding it and thinking good thoughts.