It finally happened as some have predicted.
At the point of this post:
Steem price : $4.41
Steem dollar price: $4.29
Difference of $0.12
Steem price is higher than steem dollar now.
Will the gap gets greater?
There is a possibility.
What causes this to happen?
Could be due to many of us investing in steem to power up since it is cheaper to do so now.
How does it affect us?
It does affect our author reward where most of us are using SBD earned to power up but now can power up lesser when buying steem using SBD earned.
No matter what happens, steem and steem dollars are both going up at the moment of this post! Cryptocurrencies are also recovery. This is great news for everyone!