Market is crashing, going up and down and down and then a little up. This will keep on happening and we shall keep HODLING, okay? This Is Not A Financial Advice But It's Fine To #HODL
Now, Steem's price is continuing its struggle to be above $3 Mark while SBD is sinking towards $1. I will try not to be technical because I just can't. I don't have that knowledge or expertise. I am only presenting my Inference from some of the posts I came across on Steemit about Steem's Price And Why SBD price will fall to $1 peg.
Let's See The STEEM's Current Price
Source: Coingecko
Some of the reasons why STEEM Price is growing:
The major reason I can think of is that more investors are coming and buying Steem. As we can see enormous amount of projects are present now on the Blockchain. Everyday lots of new Steem is being generated in the reward pool. The no. of accounts performed at least one transaction on 23-May-2018 is 61,364. Source:Daily Steem Stats Report - Thursday, May 24, 2018 by
.
Do you know about
project? I think it is one of the biggest reason of why STEEM is going strong. You must have seen a post from this account getting into trending section continuously. This project aims to
regularly sell all of the reward SBD on the internal market for STEEM, helping to exert downward price pressure on SBD toward the $1 peg (along with upward price pressure on STEEM)
It is an initiative started by 
is sharing its beneficiary rewards with the curators of
and his kickass team. Curation is much more valuable and profitable now.
Let's See The STEEM DOLLAR's Current Price
Source: Coingecko
Some of the reasons why SBD is falling to $1
Have you read this post by
? A Few Thoughts About The Decoupling Of SBD From STEEM. He is also a witness. I find this post to be a brilliant outline on why SBD should go back to $1 for a happy and healthier ecosystem. SBD currently being highly volatile is risky and it can come down to $1 mark eventually. If not today, then tomorrow. Who knows, right? This also gives you the reason why greed will never win. $1 SBD and Higher STEEM will make a few people uneasy at the starting but it would bring a better change in the long run.
All the above reasons mentioned for growth of STEEM's Price are also the reasons for the fall of SBD.
What Can We Expect?
We can speculate a lot of things that we can expect to happen in a few days or maybe weeks or months:
- STEEM Price rises above $5 mark if we as a community try hard. Bringing more value on the network and supporting each other's tribes.
- SBD goes back to $1. Uncertainty of a few cents here and there.
- A healthy Steem Ecosystem which becomes rewarding in the future as soon as STEEM Moons, okay? :)
- More people joining in. There will be many more projects and investors.
- Video content taking over the platform. And persistent Steemians evolving themselves day by day.
Some things you might like, and some things you might not. But let's keep learning and helping each other. Cheers!
Disclaimer: This is not a financial advice. Now that I have mentioned this, you can charge me in court. Haha!
Awesome, so what do you think about this blog post guys? Do you think in this bearish market, can we survive? I think we can and we will. :-D
#Promo-Steem Infographic Series:
✅#Promo-Steem Infographic Series - Part #1 || What Is Promo-Steem?
✅#Promo-Steem Infographic Series - Part #2 || Advantages & Benefits
✅#Promo-Steem Infographic Series - Part #3 || Steem Ambassadors
✅#Promo-Steem Infographic Series - Part #4 || How To Contribute To #PS Initiatives
✅#Promo-Steem Infographic Series - Part #5 || Promo-Steem Resources
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Check My Previous Posts:
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✅#STEEMGIGS: I will Create A Kickass Infographic For You!
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Check the STEEMIT SUCCESS Guides:
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✅Splendid Case Study On STEEPSHOT: A Visual Lifestyle Treat On The STEEM Blockchain
✅Splendid Case-Study On How To Lease Or Buy Steem Power - STEEMIT GUIDE #4
✅7 BATSHIT Crazy Tools To Help You Generate Kickass Content - STEEMIT GUIDE #3
✅Make Impact With Your 1st Post On STEEMIT : SECRET REVEALED! - STEEMIT GUIDE #2
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