Wow this was very interesting. Pardon my ignorance but is the STEEM listed on coinmarketcap the same as the STEEMDOLLAR? Also, I'm not sure if your familiar with bitUSD on bitshares, but is a STEEMDOLLAR pegged to the dollar in the same manner (e.g. it can be settle for a $1 worth of STEEM or whatever from a collateralised lender)? If so that's quite incredible that people are buying it at $2. It seems so irrational I can't quite believe myself that that happened!
nvm they're different, apparently coinmarketcap says SBD trades $8 now though....