The Steem Dollar should be at $1. That's how it was designed and how it prices mostly.
In the hype phase of later 2017 the Steem dollar rose all the way above $10.
Now we're seeing a cooling down period.
The Steem dollar still above $1 shows me we still haven't reached the absolute bottom in hype-phase. So the general Bitcoin/crypto market could still go down from here.
Steem dollar at $1 would then be a great buying opportunity. It has never been much below $1.
