SBD price has grown phenomenally today. With over 120% growth in past 24 hours, it reached a high of $10.69 according to CoinGecko. Possibly it touched even higher on Upbit though it's still at $9.53 on Bittrex.
It's for the first time I've seen SBD over $10 after the 2017 bull run. I can distinctly recall how SBD prices of over $14 in 2017 was a precursor for bull run in STEEM price then.
SBD price graph at the time of writing from Coingecko
At this moment, STEEM prices are below half a dollar, hovering around $0.43. If history repeats itself, we should see a drastic upward momentum in STEEM prices soon.
In 2017 bull run, we saw STEEM prices following SBD and it reached an all time high of over $8 just a couple of weeks after SBD touched its ATH.
So how much high STEEM can go in next 2-3 weeks would be interesting to watch.
I hope if that happens, it will also have some effect on HIVE prices and HIVE should be ready to make a new ATH soon.
Are you ready?
