SBD to STEEM Price Relationship

Many of us newbies are probably astounded by the sudden surge of SBD over the past 2 days as compared to STEEM. When I wrote about Steem Price Reflections three days ago, I noted then that STEEM was trading at $1.54 while SBD was trading at $1.63. That was a SBD-to-STEEM ratio of 1.06 -- SBD is trading higher 1.06x than that of STEEM. As of this writing, three days later, STEEM is now trading at $1.83 and SBD is trading at $2.35. The ratio has now widened to 1.28.

Is this something new? I did a quick check and rounded up the data over the last 12 months. Here's how the ratio looks like in chart form:

Ratio of SBD-to-STEEM from April 5, 2017 - April 4, 2018

From the chart:

• The highest SBD-to-STEEM was 6.74 achieved on April 11, 2017 - SBD Price: $1.05, STEEM Price: $0.15.
• The lowest was 0.60 achieved on July 8, 2017 - SBD Price: $0.97, STEEM Price: $1.13. (Note: Anything below 1.0 means that STEEM was trading at a higher value than SBD)
• In fact, for the period June 6, 2017 - October 24, 2017, for around 140 days, STEEM was trading higher than SBD for most of the time.
• The median ratio is 1.05, so from this perspective, the ratio is higher than normal.
• The average ratio is 1.60. However, since the ratio skewed heavily in early days, I would tend to discount this statistic.

Just some statistics to share for those who are interested to know the historical relationship between STEEM and SBD.

Thanks for reading.