You are viewing a single comment's thread from:
RE: Steem Total Value Powered Up - $39 million - May 29, 2022
There is a decrease of $ 6 million compared to last week. Steem price is really important. What I'm wondering here is: How did the SBD price stay high? Is it because the supply is so low? Increasing the Steem price is very difficult compared to SBD. This is a short-term plan and not a good strategy for Steem in the long run.
I have often wondered about the SBD price, too. It has been in the neighborhood of 8-14 times the price of STEEM for a couple of years now, and I don't know how or why that ratio is being maintained.