SBD/BTC and SBD/USDT trading pairs on HitBTC showing life again after going dormant for weeks.
While prices on HitBTC are markedly lowered compared to prices on other exchanges like Bittrex and Upbit, HitBTC overall volume for SBD has been less than 1k USD for several weeks. These are positive signs indeed, especially for traders like myself who regularly use the exchange. The SBD/BTC and SBD/USDT pairs are traders/ speculators favorite and as its history has shown, prices can get very interesting as the speculators take a risk on approach. SBD has trades on HitBTC with an ATH of 0.02 BTC per SBD with SBD trading well over 300 USDT per coin.
So what does this mean overall for SBD and Steem market
Overall this is positive news for SBD and especially Steem. In the past, the SBD fever on HitBTC has spill over into other exchanges as traders seems to catch the 'kick-on' effect. Positive trend flow often spills over into the Steem market and can be very beneficial on the internal Steem market. Steemians can definitely do with the knock-on effect as its been months of grinding and seeing price drop.