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RE: @kingscrown is back - STEEM and SBD pumped! And a Community Question Inside!
Yeah this is the most likely explanation for me as well. What I'm wondering is - with the SBD supply so low, is it theoretically possible that it stays overvalued (or even climbs more) purely off of the speculative nature of crypto investing?
It doesn't take that much interest to drive SBD to $10+, compared to other tokens. Maybe this is the new normal for a while, until crypto valuations mature in some kind of meaningful way.
I think for a while it's possible. The mega-speculative investing has to come to an end at some point, I would think.