This is a very strange phenomenon, as you can see on SBD chart the biggest SBD jump was on 22 May 2017, the price per SBD jumped to 22$, I think that was just a simple investment from some whales to see how they can interfere with the SBD price. You are wondering why did they do that, well I think they do that because once you increase the price of SBD the Steem price will follow for sure, because a lot of people will be trading SBD for Steem in the internal Steemit market which will result in increased Steem value, they do that because they already have a ton of Steem and with 1$ current price its not much, but if they can increase it to 3-4 their profit will triple. I don't see SBD price will get back to 1$ soon, I think we may see a long term price hold from 4-6$ per SBD, depending on current market cap and crypto dips.
You are viewing a single comment's thread from: