The SBD price

SBD is a dollar coin of steem and its called steem backed dollar. Its price has been much higher than the dollar value and this time is higher. I dont know the reason behind this but this is how it is.

Recently we have seen the price around $3 but its down and it can be because of the bitcoin price rise. Many coins are connected with the bitcoin price rise so when the bitcoin price increases, coins also go up and we see this happening with this steem dollar coin.

The current price is 2.82 for SBD and for steem, it is 0.19 which we can also see on the steemit website. I generally check coinmarketcap or coingecko for this and there are the right prices. Other stats can also be checked on the website, which is good to know. I remember that SBD price was more than 10 USD in the last bull run so I can not say if that will happen again but this can be a possibility.

Crypto is for the long term and those who have invested long back must be happy to see the market movement and bitcoin is also increasing. Its time to have some patience and wait how the market will move ahead.

Thanks!