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RE: STEEM Dollar (SBD) Readying to EXPLODE!! Target $21.95 or higher
There does seem to be some fundamental downward pressure, but the chart currently suggests the opposite.
Like you say, SBDs are always likely to receive a pump, which is why I like to mix strategy and hold/sell/move to STEEM and power up.
Nevertheless, it doesn't hurt to keep some SBD... But if you're keeping it for HODLing purpose, you might get more profits from other major cryptocurrencies like Ethereum, Verge, DASH e.t.c
Yes I hold some Eth and Verge. Bits and bobs all over the place :)
Check out BAT and Po.et tokens brother :) It's a bit underappreciated right now but it will beam up soon as the masses realize the importance and utility of these coins!
The pumps are because it's still low in supply compared to Steem which has over 300 million coins. Whales are creating artificial scarcity of coins and manipulating the price. Besides, SBD has a market cap of just 50 million dollars. So even a single individual with deep pockets can double it up overnight if he/she chooses to put in a shitload of money into SBD! But as the number of SBDs grow, you'll need more and more capital to bump the price! I heard it was a Korean Exchange last time who bumped the price to 15$... Currently, they'll require double the capital they used last time to pull of that same feat!