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RE: Steem Dollars (SBD) goes parabolic and skyrockets from 253 up to 115 most cryptocurrency in the world

in #steemit7 years ago

any idea why that happened? sorry i´m not that much into crypto ... why everything is going down but sbd is going up?!

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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