Steem Dollars goes parabolic on a red day. It's a heavy red day, in fact, the last 24 hours has been painful for most cryptocurrency however, there is a shining light in all of this as Steem Dollars continue to add value and shine in the bloodbath.
I have been following this progression for the last 48 hours and given some insights with regard to Steem and Steem Dollars, here are two of the post covering both.
https://steemit.com/steemit/@daudimitch/can-steem-dollars-and-steem-face-parity
Here is the most recent snapshot of Steem Dollars Performance
Market Cap==> $5,695,574/ 2,428 BTC
Volume (24h)==> $4,709,810/ 2,008 BTC
Circulating Supply==> 2,600,303 SBD
Current Price==>$2.39 (+55.37%) / 0.00102426 BTC (+66.43%)
If you read through my previous post, Steem Dollars has broken through the KEY RESISTANCE level that I mention and as I said before, I was expecting further upside. Folks so far, we haven't been disappointed and the fundamental and technical analysis tell us that we can expect further upside. How far it goes would depend on its supply because demand continues to be at an all-time high.
Upvote, Resteem and follow @daudimitch
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This gives me a lot of hope for Steemit!!
Certainly, opportunity favors the brave
SBD is also the only coin in my portfolio that is not deep red but light green.
There would be many green days ahead, please check out my other post on Steem and Steem dollarss. As you can see, Steem Dollars market capitalization is way below its actual value. Plus you have to factor in the circulating supply. So we have two commodity from one platform that is way below its actual market capitalization. SBD circulating supply is significantly lower than the circulating supply of Steem, so when demand increases, the market wake up to that reality and its being rewarded. How cool is it to have two precious commodity from one platform
I really need to buy some steem, going to have to go on coinbase but bitcoin then I guess send to my steem account, hopefully do it this week, low on funds but have to take advantage of this. Thanks for the update.
Must definitely, you can always use @blocktrades its solid, quick and straightforward. You get the possible market rate. You funds would in before you know it. Good luck, remember opportunity favors the brave
Well hoping this week holds , I will be in one way or another on the Steem boat! Thanks
You can purchase Steem power/ Steem directly from @blocktrades using your Steem Dollars. I have done it before. Quick and simple. At the moment you are getting a nice exchange at these current SBD prices. With increase Steem power you have more vest so you earn more and overal you increase your stake in the platform. So the benefits is actually in your favor to try an get as much steem power/ vest with your investment. It's a win win for everyone
any idea why that happened? sorry i´m not that much into crypto ... why everything is going down but sbd is going up?!
Demand vs supply and the circulating supply, the record number of new users, increase volume of content posted, increase payouts, small circulating supply. What people are missing out is the actually market capitalization is way below its actually value. Like Steem as I put forward I expect both to face parity moving forward. Certainly Steem is fallen behind in the tag of war but i don't hold your breathe for to long, it has broken through some key support levels, but the market can be irrational at times and i notice some big fish taking profits so it makes sense. Keep your eyes on it though because once it find buyers it can quickly catch up with SBD
Also have a read through my other post on the topic, nice insights