in #3 years ago

Pegging back needs a while obviously 🤔😁

2022.05.27.HBD.peg.and.markets.png
(screenshot taken from the internal coingecko widget)


It is also interesting to see that the internal market has its own rules and works completely detached from what is happening at the exchanges. I love the thrill of sniping good deals there. 😀

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The "deals" are on the relatively illiquid exchanges. For the most part, the price offered on the internal exchange is the "real" price, because it's backed with more liquidity. It's just that coingecko/coinmarketcap aren't tracking the internal exchange to know that.

I don't have and don't want access to that exchanges. I'm totally fine with the Hive ecosystem and its internal market atm. Just looking out now and then for a few percent profit over a couple of days. Nothing breathtaking... 🙂

I think there are some oddities in how they report too. If it is a HBD-BTC pair, the last trade was a while ago, and the price of BTC has since moved, I'm not sure they report that correctly (or if it is even clear what correct means in this case).