Yes, SBD is climbing. But I can't help but wonder that the bulk of transactions are being driven by the Korean markets only. The odds are pretty high that people are trying to use SBD as a pump and dump.
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Even if it were, what difference does it make? Steem has a dedicated community of authors which form its backbone.
Yes it’s driven by people outside of steemit, but I don’t think it’s a pump and dump. It’s just that it’s a low market cap, low supply coin. A good investment.
All this trading activity puts those of us earning SBD on Steemit in a great place. Smile :)
Agreed that is a possibility. But then it might just be me, but I think there's a disconnect between participation on Steemit. I mean the trades just don't reflect the presence of respective nationalities on Steemit. Again, its a wild guess because going by trading volumes, we should have a good number posts from South Korea; don't you think?
The South Koreans buying the coin don’t care about the Steemit platform. Steem (and SBD as a result) are so much more than Steemit. They are quality cryptocurrencies with real world uses and investment value independently.