STEEM Price Again Above $6 + SBD Price Prediction

[tipu]

Hi guys!

It was a good day for STEEM - it's trading again above $6.

After 3 day downtrend which dropped the STEEM price to $5.20, today we had a nice price increase, up to almost $7. Currently STEEM is trading at $6.20

Weekly STEEM price chart

It's gonna be interesting to see if this is only a momentary change before continuation of price drop or a start of another long uptrend. Next few days should answer this question.

Now, STEEM price increase has a big influence on SBD supply. The higher the price, the more SBD are being created and given to steemians as post rewards. The STEEM price doubled lately which means that two times more SBD will hit the market in few days (7 days payout waiting time). It's gonna be interesting to see the dynamic between SBD and STEEM price - will the SBD be finally valued less than STEEM?

Comments

[serkagan]

You are right, now we get 3 times as much SBD as the STEEM when reimbursing me, too, I wonder what will happen when they equalize in price. Thank you @tipu

[kouba01]

I believe Steem has the potential to cross $10 or more very soon...

[doqspro]

thanks for the nice information.. i don’t know how the SBD Price is higher than steem until u let me know.. thanks once again

[doqstrader]

☺️👍🏻

[robinephy]

I saw this coming! Yeah it's good news to behold!!

[wellyerfyanto]

Hello im deposit but i can use tip! My deposit 0.002 sbd pls help me

[tipu]

Sorry, the tip is higher then your deposit.
You can check your balance by sending 0.001 SBD to @tipu with memo: balance
(the minimal tip is 0.1 SBD)

[tipu]

You need at least 0.1 to send tips.

[rihaan]

i think price will increasing.....😁😁

[nnajmull]

Yes I agree with you but sbd will increase than steem always ..

[suchi]

wow good information @tipu. Thanks for sharing.

[jokossita]

I think it would be a long uptrend again

[shadowblade]

Awesome! Can't wait till it is at $10.

[kp138]

We've gotten spoiled with the high SBD price. It'll be interesting to see what happens. Thanks for the update!

[steemitgirl11]

@tipu today your post best @steemitgirl11

[boyelleq]

Good prediction...
Good job @tipu...

[kevaton]

Steem is one of the crypto currencies to watch out for in 2018, it will continue its bullish ride to greater heights.

[papilloncharity]

Only found and "followed" you now! Should have long ago! Great work with this post and proud of you!

[yassinof]

we hope to continue the rise of steem price the highest ranks and hank you for the post

[robinsoncaiso]

Steem is one of the crypto currencies to watch out for in 2018, it'll keep its bullish journey to extra heights.

[bhabykat]

It is good to know that we have increased in the market. It means more money for us. Yay!

[shamshad]

I did Not receive bonus vote kindly can you explain that.

[tipu]

Upvote done, you even received the confirmation:

@tipU made 0.3 SBD upvote to: >the-animal-in-the-human-tagore-rilke-borges-and-the-meaning-of-art< paid from your deposit for 0.1 SBD. Thank you for using @tipU!

[kalhiade]

go high Steem, go high!!! ^_^ .. thanks for your post @TipU