(Chart by TradingView)
Yesterday, suddenly the price of SBD jumped from less than $7 USD to hit $9 USD. Then corrected slightly until now at the price of $8.22.
What the heck is going on in the world of cryptocurrencies? What causes SBD prices to pump like this?
The first is the price of bitcoin which is rallying. And finally yesterday, bitcoin hit a new ATH at $67K. Usually the ups and downs of the bitcoin price will pull the prices of other altcoins.
Then in the past, experience has shown that SBD is widely traded on the Upbit exchange which uses the South Korean won currency. And SBD has experienced a pump there several times.
Could it be that this time SBD also pumps because many investors from South Korea are buying it ?
Wow. Nice move
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