You are viewing a single comment's thread from:
RE: 🎬 Steemy EP. 42: Steem Dollar Price 100% Up to $2 - Price Shock!
It might have to do with all the negative news around another USD pegged crypto: Tether. Some people are selling their Tether and need to go somewhere?
Hey, that's interesting. I heard before that SBD would be a great alternative to Tether. Let's hope that is the case. However, the fact that the price went up is not as Tether works. Both are pegged to the Dollar but Tether seems to do a better job. I haven't heard the news yet.
True, SBD doesn't seem to have enough volume to remain as steady as Tether. Maybe recent event increase demand and therefore volume of SBD on a structural basis ;-)