Thursday could be a strange day of the week. I remembered the last time #BTC was way down it was a Thursday. It was March 12,2020. BTC was trading around 5k. It was a short circuit cause the price did rise up within the week. This is old news seeing crypto going up and down these days. Even #Hive cannot hold to 60 cents any longer due to market conditions.
On the other hand #HBD did rise to the occasion. Another Thursday it was HBD time to move up the ladder again. It is a little counterintuitive to see a #stablecoin value more than the fiat it supposes to follow. This is early stage for #HBD these days. Just two years in the making #HBD has been standing strong to bring the right piece for #Hive.
Liquidity is the culprit for crypto these days. #HBD has a long way to go and it is performing exactly the way it should despite the lack of liquid. Every passing day 20% look a drop in the bucket to push its amount daily. Maybe 30% could push it for a while. No matter the percentage the time will not help HBD to maintain its peg. We just need way more HBD in the market to at least keep the peg align to the dollar.
Every time HBD is in action there is a rapport to #Hive. It could be positive depending on the market position. Last Thursday you can see Hive was already in the way down while #HBD was holding high. It looks more like it was doing what it supposes to do. It was used to keep profit. What we hope what should happen, they should buy Hive back with profit and retool the process.
#PHBD WAS ON FIRE
So far we have only #Upbit trading HBD and #Bittrex is almost out of the door. Glad we have #Polycub coming to support HBD. This is growth exponential 10. I know there may be a little hiccup to go to #Matic blockchain. Again Liquidity stands at the doorway to bring more. I think this year will pass before we see the implications ahead of us.
If you hold Hive, HBD, you can be sure you are part of the team of holders that believe.
Hope you take part while it is affordable.
Keep on vesting.
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