THE last seven days have definitely not been too pleasant for Steemians who earn an average of 10$ or more on their posts, especially traders who have been monitoring the downward trend of both currencies.
During the last seven days, SBD has fallen some -19.31% with Steem having decreased by -24.59% resulting in an all too bearish market.
Currently (at the time of writing) SBD had a value of $1.36085 with Steem coming in at $1.71827.
The downward trend had a slight increase within the last hour (+0.45% SBD) however, if the last few days are anything to go by this is something that won't last all that long.
Both currencies have hit lower than they have in the last 30 days - the value of SBD has not seen a low like this within the last six months.
Steem has remained in the red, with a decrease of 0.27% in the last hour.
At the moment, there is a circulating supply of 261,590,000 STEEM and 15,095,100 SBD.
$585,086 worth of SBD has been traded in the last 24-hours with Steem coming in at $2-Million.
Using the internal Steemit market:
Currently, 1 SBD gets you: 0.772 Steem
And 1 Steem gets you: 1.295 SBD
The current values will affect high earning posts made in the last four days greater than lower earning posts in the 0.5$ range.
Suspicions are however mounting that the markets will see a run coming through soon and perhaps return toward its bullish nature however, this seem unlikely at present.
DISCLAIMER:
I am not an expert trader: I am only reporting what I myself have witnessed.
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Sad but true. Still a lot of action on the site though despite the down trend.
I highly doubt Steemians -most at least - will stop producing content considering the decrease in value of SBD/Steem. A lot of the people on this platform produce content purely because they enjoy doing so and they simply view the money part of it as an added benefit. Luckily, I classify myself as one of those Steemians. I'll be here for as long as Steemit exists.