Did HBD Depeg Or Not?

Coming online, as my daily morning routine I saw the value of HBD from the price displayed on PeakD, I saw the price of HBD at below $0.9, exactly at $0.898. this made me panic for a second because its been a really long time since I saw the value of HBD at that price. I thought of all the possible things that must have gone wrong to bring the value of HBD at that price, I went straight to Coingecko to check only to see that the price displayed is just the price from one of the exchanges that trades HBD. On the internal market the price is quite stable and normal, but the Coingecko price chart was only displaying the price from the exchange that had HBD at $0.898. This made me calm for a second, didn’t want to have my day starting with worrying about the price of HBD. I have grown to really love HBD and its stable value.

HBD is doing quite great for itself, being able to depeg and repeg itself despite its low liquidity and low users. If more people used HBD I think this will increase the liquidity, there and then we can test the true HBD capacity. For now we dont know HBD full strength and weaknesses, just like Luna’s UST was tested and got depegged so bad. For now we have the HBD.stabilizer to stabilise the price of HBD whenever it gets depged over or under, because, just as much as we see the price of HBD go below $1, we can and we have seen it go way above $1.

HBD is not listed in lots of exchanges for obvious reasons, its liquidity reasons, even after the Leofinance team made HBD available on the binance and the polygon chain, its still not utilised. Honestly speaking I have totally forgotten about the bHBD, I checked the trading activity of bHBD and it has been really inactive, due to its inactivity it was delisted on Coingecko chart. This is obviously because of the lack go Hive users and utilisation of Hive assets this week I will be trying to trade some bHBD just to see how it goes.

Posted Using LeoFinance Alpha