It is the 3rd SBD run in last month. And now we are getting close to the 2.5$ there are some mechanisms which allows to correct the SBD price but it would require negative interest rates. Quoting the Steem whitepaper
The primary concern of Steem feed producers is to maintain a stable one-to-one conversion between SBD and the U.S. Dollar (USD). Any time SBD is consistently trading above $1.00 USD interest payments must be stopped. In a market where 0% interest on debt still demands a premium, it is safe to say the market is willing to extend more credit than the debt the community is willing to take on. If this happens a SBD will be valued at more than $1.00 and there is little the community can do without charging negative interest rates.
I see 2 reasons why value of SBD grows, someone wants to buy a lot of steem perhaps to power up, or market does not belive in steem right now thats why "market is willing to extend more credit than the debt the community is willing to take on". If you have some SBD convert it to the STEEM to help the market, also do not buy SBD because steem system rules are to
give market participants confidence that they are unlikely lose money by holding SBD purchased at a price of $1.0
Best regards
@whd
It is pure pump&dump. I see no reason to buy SBD.
The market cap is so low, that's why it is so easy to pump the price.
correct
I think what also happens sometimes is that newcomers to the crypto world don't quite "get" that Steem is the real currency here, not SBD... and because the supply is so small, it's easier to run the price up.
Technicaly speaking, SBD is just supposed to be an "internal" currency inside the Steemit ecosystem, not an actual investment vehicle. At least that's how I've understood it.
Thank you brother for this wonderful information and articles
thanks @othmane glad to read it :)
I also hope you help me