Which of steem or SBD will take us to the moon again?
Well, i saw this earlier today and what immediately came to my mind was which of steem or SBD will take us to the moon again? It should be recalled that SBD tried taking us on that precious voyage around last December when it got to as high as $14 per SBD but little did we know that NASA(BTC) was going cut the voyage short by going on a bear run. And yeah, our precious SBD dipped.
Coupled with the cause of the further dip was the clamping down efforts of the Korean authorities on cryptocurrencies. One of such companies it affected was Upbit. Upbit is one of the large volume centralized exchanges out there and it holds its position at the fourth place in terms of trading volume according to wiki. This leads apparently to the reason why SBD experienced such spike around that time. No thanks to the SBD/KRW listing
SBD is never meant to be above one dollar according to the economic model on steem whitepaper but it did eventually. And it broke the peg thereby giving us hope to clinch on to for a moon ride. I just hope this gets fixed as soon as possible otherwise we'll continue to hope on SBD getting as high as what's in the screenshot above.
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