Steem Dollars (SBDs) are currently facing a huge price pump:
SBDs are currently above $2.00. STEEM has also pumped, but not with quite the same action.
The SBD to STEEM conversion rate is now about 0.55!
This means it's very ripe for SBD to STEEM conversions, and you may not get this chance again!
Remember that this opportunity will soon disappear as SBDs will naturally correct towards $1.00. Right now you have an opportunity to almost double your money given intrinsic values, if you trade correctly!
SBDs have gone through price pumps before, even long-term ones. In late May to early June, SBDs traded between $1.50 and $2.00.
However, don't treat SBDs as a normal cryptocurrency with a possibility of "mooning" or anything like that.
SBDs are tied to the dollar. They're supposed to be intrinsically worth one dollar each. Due to this, the Steem blockchain and witnesses attempt to restrict the SBD price movement to keep it near a dollar.
In the end, SBD will always correct to a dollar because that's it's intrinsic value. However, the Steem blockchain's SBD peg is very poor and flexible, so pumps like this could happen.
To cap things off, if you trade your SBDs for STEEM right now, you will end up making almost 2x profit. This is a huge deal.
Unfortunately, if you're like me and you don't have any SBDs, you're out of luck on this one :)
Eventually, mark my words, SBD will correct backwards to $1.00.
STEEM, however, has no bounds, so eventually we may see STEEM rocketing above $10, $100 or even $10,000!
Thanks for reading,
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