It's been a long time of SBD reward distribution halted due to the bearish market. Today, SBD price surged. Increasing SBD price can stimulate STEEM price. Because, it has been showing a coupling between them.
I remember that in the previous bullish market when it was about 3 years ago, SBD price pumped first, then most altcoins followed the bullish trend. It looks like a signal for the alt season 🎆.
SBD is regarded in 1 dollar and debts on the STEEM blockchain. To be printed SBD again, the SBD market capitalization on the STEEM blockchain should be less than 10% of the STEEM market capitalization.
Therefore, 10% of the STEEM market cap is 0.1×$0.218×446,715,580=$9,738,399
The SBD market cap on the STEEM blockchain is $1×12,515,264=$12,515,264
$0.218:$9,738,399=$x:$12,515,264
$x=$0.28(378₩, Korean wons)
I'm looking forward to see that the STEEM price surpasses $0.28 and retains more than that price 🙏
Upvoted! Thank you for supporting witness @jswit.
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You've got a free upvote from witness fuli.
Peace & Love!
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It's great news
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How many days do you think it will take to get to .28?
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