Yes and no. By design SBD should not be affected much by a bull market in STEEM. There could be some small deviations but not 2x. Things are not working great, but they may still stabilize in time.
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Yes and no. By design SBD should not be affected much by a bull market in STEEM. There could be some small deviations but not 2x. Things are not working great, but they may still stabilize in time.
Steem has tripled in the last month. Bitcoin nearly doubled.
That is 6X the SBD has to work against in the time of a month. Production for that is just too small, especially after the hardfork with nearly nil payout for weeks.
The hardfork is another matter altogether. But price volatility including extreme volatility is a fact of life in cryptocurrencies. If the peg mechanism can't deal with it, then it just doesn't work very well, and considering improvements is reasonable. By contrast, BitUSD (Bitshares pegged USD) recently had a 10x increase in supply (along with almost a 10x increase in BTS price) in a very short time and held the peg reasonably well. So differences in the mechanism do matter.
Steem - and steem and SBD are so close it does not make a difference for that purpose - has a 50 times market capitalization then bitUSD. Daily trading volume of steem is 5 times higher then MC of BitUSD.
You can't compare them in regards to peg stability.
I'm not sure what you are talking about. Bit USD and SBD have similar market cap, as do BTS and STEEM.
Will more user traffic clear out the situation? I believe a more stable Steem price will stabilize SBD in the long run as well.
No way to know. We're at a point now where we are constantly entering uncharted waters (including the passage of time since the hard fork supply disruption), so we'll just have to wait and see.