Steem Dollars/US Dollar (SBD/USD) Price Charts for Jun 30th 2017
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The value of Steem Dollars for today is $1.42342405 . It has a current circulating supply of 2.91 Million coins and a total volume exchanged of $247,638.1 . Market Cap $4,145,282.7 |
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The price seems to have gone down a bit. why was it? any clue guys?
Simple supply and demand. Since hardfork 19 we have a lot more people selling on the open market, if supply is larger than demand the price will drop. Like a rock !
However, the SBD is meant to be a pegged asset, pegged to the USD. The USD is also dropping like a rock. Since the SBD has been trading over a dollar many witnesses have raised their BIAS to issue more SBD than steem when the 50 /50 payout is chosen.
My main concern for both the USD and the SBD is once it starts heading in one direction it's not easy to stop it....
perfect. @majes