About Steem Dollars
Market Stats
Market Cap
$7,392,569.06
FDV
No data
Circulating Supply
10,102,190.112 SBD
Max Supply
No data
Total Supply
10,102,190.112 SBD
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$5,184,056.96
1.34%
All time high
$22.34
Additional info about Steem Dollars
Networks and details
The price of Steem Dollars has increased by 0.34% in the last hour and decreased by 7.14% in the past 24 hours. Steem Dollars’s price has also fallen by 17.52% in the past week. The current price is $0.73 per SBD with a 24-hour trading volume of $5.18M. Currently, Steem Dollars is valued at 96.73% below its all time high of $22.34. This all-time high was the highest price paid for Steem Dollars since its launch.
The current circulating supply of Steem Dollars is 10,102,190.112 SBD which means that Steem Dollars has as total market cap of $7,392,569.06.
Price history
Today | $0.73 | ↘ 7.14% |
1 Day | $0.79 | ↘ 7.14% |
1 Week | $0.89 | ↘ 17.52% |
1 Month | $0.43 | ↗ 68.45% |
1 Year | $5.89 | ↘ 87.57% |
Market details
Performance against other markets | ↘ 87.65% |
Performance against BTC | ↘ 88.59% |
Performance against ETH | ↘ 72.94% |
Performance in the past year | ↘ 87.57% |
FAQ
Steem Dollars (SBD) are liquid stable-value cyprtocurrency tokens pegged to USD A currency peg is a method in which a national government fixes the exchange rate of its currency with a foreign currency. SBDs are part of the parent Steem blockchain. Steem is a social blockchain that builds community while also providing users with direct revenue sources. The users are rewarded with STEEM tokens for sharing content on Steemit. Steem Dollars can be exchanged into STEEM and transferred to other accounts for use in commerce or exchange.
According to its whitepaper, social media network shareholders gathered huge profits from user-generated content. The content creators don't make any income. Steem reverses the model, giving the highest value to those who contribute the most. Users become platform stakeholders, keeping control of their data, and earning rewards for each creation. However, these rewards are inconsistent if the token price is volatile. It is noteworthy that successful global economies have a high level of stability and individuals worldwide are unable to engage in commerce and savings if there is no stability. Steem Dollars were created to bring stability to the world of cryptocurrencies and to the individuals who utilize the Steem network.
Steem Dollars aims to shield traders from price volatility and manipulation. The Steem protocol safeguards the community from manipulation by enabling people to only convert from SBD to STEEM and not the other way around. The blockchain determines how and when SBD is created and who receives it, stabilizing the pace of SBD formation and eliminating most of the potential for misuse.
To earn SBD, users need to mine them. Contributing to the platform is considered as the Proof-of-Work for mining. On Steemit, users earn income by publishing blogs, commenting, and upvoting. The concept is that those who publish helpful blogs would receive more up-votes. Users will not vote up stuff that is not helpful. When bloggers gain upvotes, they are rewarded with SBD.
The first block of Steem blockchain was launched on March 24, 2016, following which the whitepaper was released in August of 2017.
We update our Steem Dollars to USD currency in real-time. Get the live price of Steem Dollars on Coinbase.
The current market cap of Steem Dollars is $7.39M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Steem Dollars is $22.34. This all-time high is highest price paid for Steem Dollars since it was launched.
Over the last 24 hours, the trading volume of Steem Dollars is $5.18M.
Assets that have a similar market cap to Steem Dollars include SaitaChain Coin, Cook Finance, FACT0RN, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Steem Dollars is 10 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#2125
Contributors
50
Posts
602,417
% About Steem Dollars
0.013%
Hold times
0 days
X (Twitter)
53.52% bullish
Sentiment
3.9 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
50 unique individuals are talking about Steem Dollars and it is ranked #2,125 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Steem Dollars has an average sentiment score of 3.9 out of 5. Finally, Steem Dollars is becoming more newsworthy, with 0 news articles published about Steem Dollars. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Steem Dollars. There were 53.52% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Steem Dollars. 46.48% of tweets were neutral about Steem Dollars. These sentiments are based on 71 tweets.
On Reddit, Steem Dollars was mentioned in 7 Reddit posts and there were 19 comments about Steem Dollars. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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