It has been a rough month for any crypto, but in the last couple of hours, STEEM and SBD have decided to make some serious gains.
(Source)
When compared to the market in general over the last 24 hours, Steem and SBD are looking very strong and healthy. I think that is awesome.
Here are the charts for the last 24 hours. From Coinmarketcap.com.
First look at Steem. An awesome spike on the right side of the graph.
The same thing is happening to SBD right now.
The good news both are up and shooting up at a time that most of the other coins are having a hard time finding a footing. It is interesting too, there is a big spike in volume activity too.
With so many projects panned for the Steem blockchain, and a growing and active site that already does more transactions a day than Bitcoin, it is a wonder why Steem and SBD are not valued higher.
I hope we've seen the bottom of this bear run and we are starting to move up, but who the hell knows? All I know is that Steem and SBD fell with market trends but didn't sink as low as many of the other coins did. They retained a fair amount of value and have bounced back first several times lately. I feel very good abut being a holder of Steem and earning SBD through Steemit.
What are your thoughts?
Do you think Steem and SBD are looking good or do you think there is more red in the future?
Let me know your thoughts in the comments below.
Thanks for reading.