I think demand will push it higher. I am trying to investigate the creation of SBD and determine how and how many there are. If Steemians HODL their SBDs will the price rise more? SBD is needed for SMTs, so I want as many as I can get. Why should SBD stay at $1? When SBD is high, you can get more STEEM for your rewards, or you can invest your SBD in a SMT of your choice. Those projects will LOVE the high SBD price, which means more value in their SmartMediaToken.
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