I rarely talk cryptocurrency for the sake of crypto, but lately have you seen the crazy spike in STEEM? Can someone enlighten me here, was this a pump or what? I mean hey it's worth way more now like if you haev SBD now is a great time to transfer it into STEEM and power up because of the different in price 2.06 and 2.68 (as of 5:56 AM EST).
I'll just bring up the charts for them an briefly talk about each then I'm really interested to hear from all of you about this, I have been so busy I haven't had the time to really dig into it myself.
Steem
Right now STEEM is at $2.07 USD but went all the way up to $2.45 in the last 24 hours with some crazy volume
Having bought like 400 STEEM when it was $1.50 I feel pretty great. I invested it into power. Now I'll look at the SBD charts and show you why it's ideal to power up using your SBD at the moment.
Steem Dollars (SBD)
Right now SBD is at $2.68 USD and earlier it was all the way up to $3.19.
While obviously SBD is always typically higher than STEEM I've suggested powering up with extra SBD just because it's a wider gap than usual. PFFFFT please, 24 hours ago STEEM and SBD were both $1.50 so now if you have SBD and sell into STEEM you will have a huge gain which again is why I'm making this post! If I had extra SBD I would, and if you do, you should!
Conclusion
This was short and I didn't have much insight to give on why STEEM has been doing what it has been doing, however I do think it's important people are aware and make good use of this opportunity .
So anyways I know this was a short little article today don't worry I am also drafting up another to drop early when I get up in about 8 hours. Feel free to share your thoughts and reasoning for the change and what you plan to do about it.
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