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RE: SBD is Back to USD $1 Peg
I wanted to grab as more as I could but one thing I am not able to understand is despite that much low price of STEEM and SBD the market Ask price is barely coming down.
I wanted to grab as more as I could but one thing I am not able to understand is despite that much low price of STEEM and SBD the market Ask price is barely coming down.
the price is lower at exchanges, it takes time to reflect the price in steem market because there is not enough liquid steem i guess. the conversion ratio is already coming down as you can see its now sbd = 1.23 per steem
my assumption is that if it goes below $1 then we should have a 1:1 market