Like most of you here I have been in awe of the rise of Steem Dollars. It was always portrayed as being peg to $1 dollar worth of Steem. But as I started to dig for information it seems that this has been in the works for a very long time.
So what happened?
As crypto markets are becoming more mainstream veteran traders have been looking for coins that will give them 10x gains. The most obvious coins are the ones with low circulation supply. Anything under 10 million has popped to unbelievable heights as BTC has risen.
Could this have been predicted?
Judging from the chart I believe so as someone or a group has been accumulating SBD for a while now.
If you notice from the chart there was a major spike around the April-May time frame that made SBD pop but then it came back down to the $1 mark.
Looking at this chart we might be in the second leg of the SBD bull run. The infamous golden cross is showing up on the daily chart. The golden cross is when the 50 day moving average crosses the 200 day moving average. Aside from chart divination a post from last year by 
The real money isn’t in blogging, content generation, or voting. The real money is found in bootstrapping a digital currency. A currency owned and operated in a decentralized way by ordinary people.
The key to bootstrapping a currency is having a community which is able and willing to use it. A blogging platform that makes it possible for everyone to earn their way in is just a trojan horse. It is a means of hiding the vegetables (honest money) in the food (fun content).
For the most part no one really understood why steemit had two currencies on the platform. The average user could not figure out what to do with SBD except buy more steem and send it to upvote bots. Now with the onset of Smart Media Tokens SBD will be used as the peg on internal markets in steemit platform.
Why the $100 prediction?
This is actually a conservative prediction based on other popular coins in the cryptocurrency market. As I said before traders are looking for coins with low circulation coins to HODL!! Let's take a look at some comparables.
All of these coins are above $100 USD except for BlockNet and Zcoin. If anything SBD should be at least $50. Right now the whole market is down so this might be a chance to get some clearance priced Steem Dollars. Keep in mind cryptocurrency is a very high risk market and can lose all or most of your investment. Only invest what you are willing to lose and do your own research and perform due diligence.
