Steem Dollars goes parabolic on a red day. It's a heavy red day, in fact, the last 24 hours has been painful for most cryptocurrency however, there is a shining light in all of this as Steem Dollars continue to add value and shine in the bloodbath.
I have been following this progression for the last 48 hours and given some insights with regard to Steem and Steem Dollars, here are two of the post covering both.
https://steemit.com/steemit/@daudimitch/can-steem-dollars-and-steem-face-parity
Here is the most recent snapshot of Steem Dollars Performance
Market Cap==> $5,695,574/ 2,428 BTC
Volume (24h)==> $4,709,810/ 2,008 BTC
Circulating Supply==> 2,600,303 SBD
Current Price==>$2.39 (+55.37%) / 0.00102426 BTC (+66.43%)
If you read through my previous post, Steem Dollars has broken through the KEY RESISTANCE level that I mention and as I said before, I was expecting further upside. Folks so far, we haven't been disappointed and the fundamental and technical analysis tell us that we can expect further upside. How far it goes would depend on its supply because demand continues to be at an all-time high.
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