Today, we see that steem dollar (SBD) gets interest of investors on poloniex. And steem is rising as well. What can you say?
Can steem be featured by tomorrow on Poloniex??
8 years ago by loveyou (-5)
$0.07
- Past Payouts $0.07
- - Author $0.06
- - Curators $0.01
Steem dollars are set to peg back to 1 for 1 with the US Dollar. Any up-tick in the value of SBD should be temporary. I would personally suggest against buying SBD as an investment, especially right now since it is almost guaranteed to exchange back down to 1/1 with USD, meaning buyers should expect a 34% loss if they buy SBD right now.
Holders of SBD may want to sell now because you can just buy SBD back later for $1 instead of $1.34. What is causing it is likely that Tether USD is tanking, and people realize SBD can accomplish a dollar transfer over the blockchain just as well, causing a temporary price spike.
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