STEEM
SBD (STEEM Backed Dollars)
STEEM and SBD are absolutely skyrocketing today. They are both seeing a heavy influx of bull volume. SBD is seeing the biggest bull volume day in almost four months!
Verge is the only other major crypto seeing gains this large today (they are 50%+). This is a huge sign for STEEM.
Ultimately there will still probably be a settling around $1.60 for STEEM like we've seen after every major correction and then a longer growth spike again.
Technical indicators are nothing but bullish on the long charts for both of these. Blastoff!
As long as we continue to see a nice rally with BTC and the other major cryptos, we should see nice gains here. Bigger gains mean GREAT things for Steemit. For one, higher value means more curation rewards meaning we all make even more! Secondly, it drives more users to the site. Thirdly, it powers more interactions here which is the foundation of the site. So, let's go STEEM!!!