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RE: SBD Hits "Biggest % Gain" Status on Bittrex On Overnight Pump Saturday, 2/10
While SBD was made to be at 1$, I agree that we should allow it to stay like this for some time still. It gives great rewards to authors and it increases the popularity of STEEM blockchain overall. But in the future we will see the price go down to 1$ anyways, because there will be more and more SBD's printed, thus dropping the value.
However, some SBD get burned (conversion/promoted), although admittedly not too many at present.
On top of that, bringing in new users brings in new buyers. Price can go up as long as new buyers outnumber new sellers.