Hey everybody!!
This week Im back with a normal update like I use to write them. I do this price updates to make people aware of the prices of both STEEM and SBD so that they know when to sell or buy.
Screenshot is from coinmarketcap.com
As you can see on the screenshot its a big red week! The whole market is kinda red right now with a few exceptions so I guess they will go up again soon.
STEEM went down really much with a loss of 15% in just a week. I dont know the exact price of STEEM for one week ago because I did the price update one day later. 2 weeks ago the price of 1 STEEM was $3,89 and this week its $2,85.
Even SBD went down really much. Here it decreased with almost 17% in a week. Also here I dont have the price of exact one week ago but 2 week ago the price was $3,37. This week the price is $2,33.
The price of STEEM is already higher then the price of SBD in some weeks now meaning that the conversion rate is not optimal. In the internal market you have to pay like 1.27 for one STEEM now while it was 1.17 for 2 weeks ago. If you look at the absolute conversion rate (2.85/2.33=1.22) then the internal market rate is like 0.05 higher meaning that its quite much higher then the absolute rate.
