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RE: 📉STEEM Investor Report 9 January 2018 (Bitcoin Sliding Downwards and Dragging Down Market)
Steem has managed to hold around $6 for a while now. It's it too good to last? I'd actually like SBD to return to the pegged value. That makes it more useful. I care more about utility than speculation
I think the elevated SBD value is what is keeping the STEEM price high. We are currently creating more and more SBD and pushing that onto the market which will eventually bring down SBD and STEEM will follow it down.