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Steem Dollars' price have risen a lot, despite the latest China bans. Justin Sun owns both Steem and a mobile social app that allows payments, called Peiwo. Steem is (mostly) a blogging blockchain with rewards based on stake. It is very easy to use Steem and its other token, Steem Dollars, on whatever exchange it is listed. Very, very easy. Transactions only take 3 seconds, there is virtually no withdrawal fee and no transaction fee.
In a tyrant country, people will hold on to whatever freedom they can get. That's what Peiwo allows them to do in an incredibly restricted economy. People can transfer TRX to each other. Steem rewards users with both Steem and TRX. Specially since Justin Sun bought Steem, there are a lot of chinese users. Do you see where I'm going? The chinese use both Steem and Peiwo to communicate and transfer payments, including in crypto. Because peer-to-peer is specially common, there will be those who are willing to take others' crypto in exchange for local currency.
This is why you can clearly see Steem Dollars being taken to the moon whenever China bans something. The need for Justin Sun's applications is frantically proven. It seems an entire country is adopting steemit.com. Everytime BTC spikes, Steem Dollars spikes tenfold. As long as their link to local economy isn't broken, there is a possibility that Steem replaces Bitcoin in China, if it hasn't already. You could go as far as blaming Justin for BTC being dumped, as he seems to be the actual target for those new bans.
