A few days ago I made a post saying steem is about to rally because it has been trading under $1 for quite some time and I feel it was undervalued.
--> My previous post link : https://steemit.com/steemit/@lawrenceho84/steem-rally-is-coming-soon
At that point of posting, many altcoins had already mooned 60-70% some even 100%. I didnt really expect it to suddenly shoot up like this because I thought it will slowly consolidate and then creep up so that we have time to react. Well, this is crypto-land and it has always been a roller coaster ride.
What surprise me more is the price of SBD also shot up to the moon too. At the time of posting, SBD is trading at $2.03usd which is a 105% gain. WTF!!! Isnt it suppose to be pegged to $1USD? Why would anyone pay double the price for it? Well, sometime market can stay irrational for awhile.
Anyway hope you guys saw my post and bought yourself some steem. Steemit is a great platform and I have always believed in Steemit. Lets see if Steem can hit $10 by next year. Finger crossed!!!
If you like my post pls follow upvote and resteem. Thank you.