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RE: Steem Back Dollars acts as a beacon for Steem as it shines a light for the direction of it's price. One of the best kept secrets in Crypto.!!
Greetings @stephenkendal, this was a very pleasant news that SBD rose overwhelmingly, so much so that I myself changed the SBD to Steem to raise a little more my Steem Power and have Steem available for payments of the contests that I have in two communities.
This is the best way to increase our Steem Power and help our platform.