Today is a very good day for steem dollar as it is gradually catching up with steem in the market.
Now lets check the price of steem in the market
If you are to do little analysis you will understand the the total number of circulations of any cryptocurrency really have a great role to play in determining the price of such currency
For example coin like doge coin which has over 111 billion coin in circulation,coin like bytecoin for example also have over 90 billion coin in circulation they have a very low price and their future is very uncertain when it comes to price analysis.
In summary with little of steem dollor in circulation im forseeing a huge price tag for steemdollar in the nearest future.
Steem dollar is growing slowing but in a very steady movement.
So its a good long term investment.
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The amount of coins in circulation don't really have an influence on price. Maybe fora single coin, but that doesn't really matter. What matters is how the club can be broken down, and what it cost to send coins (tx fee)
But yes, coins witha low supply havea better chance of going crazy with their price rather thana coin with billions of them in supply.
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Ohh yeah too much coins in circulation will affects
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