The latest price variations were a bit hectic and, if you're not keeping a close eye on the market, it's easy to get sidetracked. Luckily, at the suggestion of a few followers, I implemented a SBD to STEEM chart on steem.supply, a chart which gives a clearer outlook on this pair. Or, when it doesn't, it's still a nice pastime on a Friday evening.
So, what do we have here?
Well, first of all, SBD is at the highest value compared with STEEM, in the last 8 days.
Second, for 4 consecutive days, SBD opened lower than it closed (red line is below the orange line). In laymen terms, for 4 consecutive days, it kept appreciating towards STEEM. This is even more interesting when we realize that both tokens appreciated themselves towards Bitcoin in the same interval.
Although this is way too little for a trend to be identified, it's still interesting to watch.
At a total supply of 8,480,180 tokens, SBD is still easy to pump. Today only, total traded volume was over half of the entire market cap.
So while prices as high as $13-$14 for one SBD are probably out of the question, a consistent pump is still a plausible scenario.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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