FOR ONLY A COUPLE OF DAYS, STEEM DOLLARS INSANELY RIDING BITCOIN AS IT DRIVES ITS WAY TO THE MOON! IT REACHED ALMOST 6 US DOLLAR!

in #steemit7 years ago

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Just minutes ago when I checked the coin market, I was thrilled to see SBD at its almost 6 US Dollar rate. I started steemit on March of this year and never thought that value of the steem and sbd would hit this far before the year ends basing on the increase that it makes each month as bitcoin continues to fluctuate to the moon.

Just for the month of December, it has made a tremendous increase in just couple of days as of Dec. 07, 2017. As steem dollar value is making its gradual increase I tried to screenshot each increases for future use. Thanks to #coinmarketcap for the data and graphical charts.

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As of Dec. 01 , 2017 , it started to increase by .39 us dollar amount value. Which was already thrilling because sbd and steem figures hasn't moved than ever like this for the past few months.

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Then, on Decemeber 03, 2017 it has moved up to 2.46 US Dollar value per SBD which is really a milestone already for it made an increase of 1.07 US dollar value just for two days! Everyone is already making an eye to this sudden increase of the sbd and a bit of steem and curious how this gonna work for the next few days.

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And yes! it's unstoppable for just a day after it went 3.09 US dollar value in the market which made an increase of .63 US Dollar value just after 3 days.

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Earlier today, checking #coinmarketcap SBD shockingly increase to 5.21 US Dollar rate and still continues to dance its way up. This change has made an increase of 2.12 US dollar value more than 200% increase just for a day! As the movement of the SBD shows, it's not impossible to hit the 8-10 US dollar rate before the year ends :D. Indeed, it's a very good present for everyone for the upcoming Holidays!

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No one really knows how much would really a crypto would dance around each corner for it's volatile and considering the the Law of Demand and Supply ( I think because there is only a limited supply and the number of people using the currency are rapidly increasing so it will continue to up. The usage will catch up to the price. This is such a unique asset.) but one thing for sure that based on this battle-tested blockchain technology and how it gives rewards to the users and the numbers of new users each day, it's definite that STEEM would surely make its way to the top. I view the growth of STEEM more as an indicator of the health and state of blockchain acceptance. At some point, other blockchains will become important and will come into vogue. Despite of other companies banning the use of bitcoin and other crypto currencies, some are beginning to believe in the future of this technology. All we have to do is just go with the flow and time will come we'll just look back how everything started.

BITCOIN AND STEEM IMAGES SOURCE!
Graphical Charts

WHAT ARE YOUR THOUGHTS ABOUT THIS INCREASE THAT STEEM IS MAKING? WHAT ARE THE BANES AND BOONS YOU THINK?

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Why did it go up that much right now?

The increase was tremendous. It will continue to go up and the future is unpredictable.

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