RE: Steem US Dollar (STEEM/USD) Price Charts for Jan 13th 2018 - 24h Change + 14.957%

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Steem US Dollar (STEEM/USD) Price Charts for Jan 13th 2018 - 24h Change + 14.957%

in steem-price •  7 years ago 

Great thanks!
But can anyobody explain why has the value of SBD gone up so much?
this would imply theres more demand than supply.....why is that?
Is it simply overpumped/speculation or has something fundamentaly changed?
Maybe most people are powering up and so there's a scarcity of sbd on the market?

steem-price
7 years ago by

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      ·  7 years ago 

    All of the above I'd say, the whitepaper explains what SBD is and what is it meant to achieve...

    But, it does have a very limited supply, even though we have increased the supply 4 fold since it's been above $1.00. Demand will always drive the price...

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