SBD is going down

This is one of the coins which is known as a stable coin but for a long time, its price has been much higher than the anticipated value. Currently, the price for one SBD is 2.5 US dollars. This is a good value in the market even now I believe however we have seen pretty much a high price for this coin in the market and this has also happened this year. Below is the price chart for this coin for a seven-day window where you can see that the price has gone down by almost $0.22 but there is nothing to worry about because its a market and things like this happen quite often.

This token is also part of the reward pool but there is some requirement when it meets then only we can earn SBD as part of the reward. It is too technical and I'm not going to talk about it because this post is more of discussing the current price and how is it going in the market instead of the conditions and logic required to earn this coin as part of the Author reward.

I believe that there should be some incentive for people who hold this point on the chain but that is not available and probably this is the reason why a lot of people are selling the coin but I can see good demand in the internal market also and it shows that despite the slight price drop the demand is higher in the market for these stable coin on the chain.

Currently, the market is in a zone where prices are kind of stable and we don't see a lot of fluctuations which can also be seen on this coin price because this fluctuation is not a big amount and slight movement is always expected in the crypto market.

Thanks