The new Weiss rating report came out last night while I was sleeping.
I read the report this morning and most rated cryptocurrencies have gone down in rating.
From the report:
But don’t let the them throw you. The downgrades are due mostly to this week’s sudden plunge in nearly all cryptocurrencies, which naturally hit our Reward and Risk Index scores negatively.
STEEM is sill a B- which is great!
It's one of 4 B's mentioned in the rapport. (Cardano, Ethereum, NEO, STEEM)
I must admit this has been a little unexpected for me but this is crypto so it can happen.
SBD is trading higher than STEEM again.
Remember that an SBD is basically an IOU for 1 US dollar worth of STEEM.
So the fact that anyone would pay more than 1 US dollar for this IOU is strange but I don't complain.
I think a high SBD price is great for every Steemian that creates content on here.
I bought STEEM with my SBD, I also sold some and I'm keeping some to see how this develops.
I talk about it more in my vlog (starts @2:00).
@blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.Get it Here:
