According to coinmarketcap.com SBD is worth about $8 right now..
However if you look in your wallet next to Steem Dollars it says SBD is always $1 of STEEM.
So if we take a look at the SBD chart maybe this is not a rise in the price of Steem Dollars, but more a decline in the value of the dollar compared to SBD..
And since it has always equaled $1 USD maybe we are just seeing the start, and if this is true and that value flows into STEEM, which is currently at $6.01
Then if we multiply the USD value if SBD, and then by the price of STEEM using it as a base $1 peg that would be $8.08 x $6.01 = $48.56
Conclusion
Now I'm not saying I think this will actually happen, but if you take a look at SBD, which is not limited you will see it has inflated over 1 million supply in this post I did a couple of weeks ago..
"Is there a flippening for Steem Dollars and STEEM?"
And I discussed how this could happen, however I do not think it will be that easy or happen that fast, but it does seem like it is correcting. So I guess only time will tell!
Let me know what you think, and thanks for checking this out!
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Disclaimer: I am not an investment advisor and this is for entertainment purposes only. All of my opinions are only opinions, and it is not investment advice. Please do your own research before investing in anything.