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 mo****stly 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)
SBD is trading higher than STEEM again.
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).