Yesterday we saw that SBD was trading at $3 (check my post about it here). Today it's up to $5! But maybe more importantly, it seems like Steem is following this trend too!

Steem is now sitting at $1.66, which indicates a growth of over 60% since last week. Still, this looks like nothing compared to what SBD is doing, but by itself a 60% rise is great too.

Steem is now capped at $400 million USD(!) with a daily trading volume of $18 million.

What does this tell us?

Well, it looks like this trend was set in motion by the growing Steemit community in South Korea and the listing of SBD on a Korean exchange. Thus, Koreans can now buy SBD directly with fiat money. This makes it easier for the average person to start exploring the crypto world and contribute to the steem blockchain. This also makes it easier for long-term investors, since they don't have to go through the process of buying bitcoin or another currency first, before they can buy Steem or SBD.

Secondly, this also tells me that it's always smart to diversify your Steem wallet. Who would have ever thought SBD would rise to $5, while Steem itself stays below $2? I wish I had kept some SBD and hadn't sold it all for Steem!

The question now is how long this will keep going. Is it healthy for SBD to rise so quick? Is a crash inevitable? Or is this the start of something bigger?

I would love to hear your input in this, as I'm still a crypton00b and I'd love to learn and see other perspectives.

Have a nice day!

--> All images taken from coinmarketcap.com