It is going higher because the peg to 1$ is gone. USDT just increases the supply fluently, when there is high demand, so it always stays around one $. SBD doesen't because it is created via content and not destroyed when there is low demand (like USDT). It is just another pump and dump coin now with a rediculously low supply, which makes it an extremely undervalued coin.
Don't worry, STEEM will likely follow soon. Not 10x but 2-3x