Yesterday we attended a quite rare event in the market of cryptocurrencies, the spectacular rise of Steem Dollar for a short period of time.
Yesterday about 13:00, there was a rise of this cryptocurrency to 50,850 satoshi (0.00050850 BTC), passing the value of 2 $ for each SBD.
This happened in Bittrex, while in Poloniex the SBD portfolio has been inactive for more than two days, for an update of the SBD team and after Poloniex must test this update and analyze it carefully, to know that everything is working correctly.
The flood hardly lasted a few seconds and as it came, it was gone. It has not been the only strange process in the last 24 under this cryptocurrency, which today has reached 30,729 satoshi at 18:30, and then return to normal values of 0.0002-0.00025 BTC. These ups and downs are not normal from one moment to the next, which would indicate some type of test or some problem, in the currency in Bittrex. Not only that, Bittrex registers approximately 70% of the operations and Poloniex keeps about 30% of the operations, with the remainder being distributed in several exchange offices.
We have been analyzing the possible effects of this strange movement, some rumor or some possible problem, but we have not been able to find a cause. We must emphasize that this has happened in the STEEM network, but it is not normal. STEEM and therefore SBD, are two future values, with a large market capitalization that could grow in the future, rather than in the short term, in the medium-long term and is highly recommended by the large investors of cryptocurrencies.
