Quick Update And Search For More Info - SBD's Lead An Overnight Rally

in #unleashpower6 years ago

Last night we saw a rally that made SBDs briefly surpass the value of Steem. We haven't seen that in awhile and it goes contrary to the wishes of many out there that are trying to peg SBDs to $1 again.

This prompted a move also in Steem, which is now rallying to a current price of $2.54 up from 2.38.

But one thing is odd, the internal market that we call the "Exchange" hasn't seen the spreads collapse to what the supposed street price is. (see Chart below)

Its showing a 1.42 bid which would imply that steem is at a 42% premium to sbd.

But the market for SBDs are showing $2.24 while steem is at $2.58... that is only a 13% premium.

What gives? Does Anyone Have Any Answers?

Sort:  

you received an up vote from danlupi with voting power of 82.47%. Estimated dollar amount of $2.28

sneaky-ninja-sword-xs.jpg
Sneaky Ninja Attack! You have just been defended with a 3.72% upvote!
I was summoned by @unleashpower. I have done their bidding and now I will vanish...

woosh
A portion of the proceeds from your bid was used in support of youarehope and tarc.

Abuse Policy
Rules
How to use Sneaky Ninja
How it works
Victim of grumpycat?