As we all know more and more people and investing there Cryptos and buying STEEM. The platform has exploded in the amount of user over the last several months and that can definitely be seen in the increase of price of SBD. As of the writing of this SBD price was hovering around $7 USD but just a few days ago it hit its second all time high at $13.81 USD. What does this mean for the future of the platform? Well i believe that the current surge in price is directly related to the price of BTC. With the recent drop in BTC i believe people have started panic and looking to dump their money elsewhere in the market to try and protect their earnings. I believe that BTC will rise again and we will see a wave of people pull their funds back to BTC.
I'm interested what the community's opinion is on this recent surge let's talk about it in the comments below.
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