So far we started the year at $3 Steem and we have seen it almost triple since then. Now it has settled around $6 and is worth about as much as one SBD is right now.
(Source)
Here is the Steem chart for the last 30 days on Coinmarketcap.com
As you can see, we've had a great month and now looking very strong after a big dip to start the week.
Now look at the price of SBD.
To me we are getting close to where we started the month and seems to be on a downtrend. It doesn't look as bullish as the price of STEEM.
Now what happens if the price of SBD is less than the price of STEEM? For one thing, you can get more Steem if you convert rewards to a 100% payout now. Before you could send your SBD to the market and get more Steem that way, but now if the price of Steem goes over SBD it is wise to just take the 100%.
Steem is needed to power up and it looks like it is going to be a great year for Steem and Steemit. If SBD stays around the $6 mark it is reasonable to think that Steem could double from where it is right now in a month.
Who knows? Guessing the crypto market is as useful as having a donkey as a dentist.
So what do you think? Do you think Steem will overtake SBD or will SBD shoot back up? Let me know your thoughts in the comments below.
Thanks for reading.
