The value of the steem dollar has continuously fallen over the last weeks but it simply doesn't want to go down to 1$, which is where it's actually supposed to be at. Instead it still hovers at about $1.75 USD at the time being.
A look at the chart shows the downtrend of the Steem Dollar but it's not really anything special compared to any other cryptocurrency due to the major bearish movement the whole market experiences since the beginning of this year.
Of course I'm not really unhappy that it doesn't want to go down as it benefits us all in some way but only in the short run. A stable steem dollar could do so much more for us due to businesses being able to calculate with it having a solid value of 1 USD instead of looking at an extremely volatile asset.
The big guys won't move in and start to accept an asset they can't rely on. In general businesses got jobs to maintain and need to be sure that the money they earn is still worth the same a week later. So yes, I'm hoping for a stable steem dollar in the long run but don't mind enjoying a higher valuation as long as it lasts.
What's your take on this?
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