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RE: The state of steemit for the year.
It seems like with all the popularity around cryptocurrencies steemit has been booming. Steem seems like it is going through this great honeymoon period where it keeps ramping upwards everyday.
Let's see how much more it will climb since I'm thinking about taking some out if it gets to $5 to pay off some student debt that I still have left to cover.
I can't believe that one of the posts on steemit broke 1,000,000 views. That is absolutely crazy and it is great to see the platform is performing so well.
Also I've been wondering why SBD is $10+ most of the time. Do you have any idea @gavvet? I wonder who is buying it with many people on steemit selling as much SBD they can or converting it to steem.
@arckrai SBD from what I can gather seems to have benefitted from having a low circulation that means any investment in the currency has a greater percentage chance to make a difference to the market value. I believe currently there are around 3-4million SBD in circulation and this is low compared to other currencies
In other words, it's just a succesfull pump on thin market.
4,174,319 SBD to be exact, if we trust the numbers provided by the exchanges. =)