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In my opinion that is because volume of SBD is greater than Steem on exchanges, may be i am wrong but this is how i think.

Obviously, but there is Bot who are suppose to peg the SBD to the usd and that should bring the steam up.... but they definitely don't do their job πŸ˜‚

Oh, i was unaware of this Bot stuff, by the way thanks for this interesting news.