Can steem be featured by tomorrow on Poloniex??
Today, we see that steem dollar (SBD) gets interest of investors on poloniex. And steem is rising as well. What can you say?
Today, we see that steem dollar (SBD) gets interest of investors on poloniex. And steem is rising as well. What can you say?
Steem dollars are set to peg back to 1 for 1 with the US Dollar. Any up-tick in the value of SBD should be temporary. I would personally suggest against buying SBD as an investment, especially right now since it is almost guaranteed to exchange back down to 1/1 with USD, meaning buyers should expect a 34% loss if they buy SBD right now.
Holders of SBD may want to sell now because you can just buy SBD back later for $1 instead of $1.34. What is causing it is likely that Tether USD is tanking, and people realize SBD can accomplish a dollar transfer over the blockchain just as well, causing a temporary price spike.