Here's a follow up from my previous post on STEEM-to-SBD relationship.
It appears the table has turned, and STEEM has surged a fair amount over the past few days compared to SBD. So as it stands, STEEM is now more expensive than SBD! Here's a table comparison on prices since my previous post:
| Apr 4, 2018 | Apr 13, 2018 | Difference | |
|---|---|---|---|
| STEEM | $1.92 | $2.70 | +40.6% |
| SBD | $2.57 | $2.42 | -5.8% |
Here is the updated chart on the STEEM-to-SBD relationship, truncated to reflect only the last 6 months:
As I mentioned, STEEM is more expensive than SBD anytime the line is below 1.00 (see the red line on the chart). This has certainly come few and far between in the past 6 months. However, we are in one of those rare instance now.
That last time we had a long streak was from June 6, 2017 - Oct 24, 2018 (see previous post ). How long will this last this time around?
I'm unsure what has caused the surge in STEEM. If someone has some knowledge on this, do share in the comments section below.
Thanks and have a great weekend ahead!
