Since the last few days, there has been a lot of FUD relating to cryptocurrencies, with countries like China, South Korea, Russia, France, Germany and even USA planning to either ban cryptocurrency trade or putting stringent regulations. Due to this FUD, a few days ago, the price of STEEM fell to as low as less than $3, and the price of Bitcoin to well below $10,000.
However, things are looking much better now, with Bitcoin almost trading at $13,000 and STEEM at $5.38. Following is the chart of STEEM for the last 7 days.
Another good news is that SBD is now also trading at $6.94. In the last few days, it was actually trading at a lesser price than STEEM. With SBD's price now being significantly higher than that of STEEM, its perhaps a good idea now to convert some of your SBD rewards to STEEM power. Below is shown the chart of SBD for the last 7 days.
So, what do you think? Are cryptocurrencies here to stay despite all these cruel governments trying to put a ban on their trading or heavily regulating them, or will they all crumble under these governments' pressure? Secondly, why do you think the prices are rising again despite all this FUD? I would love to read your opinions.