In less than twenty four hours we just witness DEC dramatic drop with respect to Hive. The most frustrating part for me was not swapping my entire collection to Dec yesterday in the mist of seeing Hive to Dec above 0.004 Hive per DEC. it almost half that as of now. So is Dec really dropping in value? Reality is no it is not dropping. In fact it has risen a bit and now aiming closer to par.
What has really happened is that Hive is rising swiftly and nearly double in price overnight. That makes the Dec close to half its value to hive just in a matter of a day.
On the bright side it appears the crypto boom in hive ecosystem is on the verge of a breakout and it is pulling Splinterlands with it. The question now is can this be sustainable to the point where we could see all time highs? That surely will be something worth waiting for after this long bear market.
Until next time thanks for reading!!!
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That does make sense. I guess being pegged to a dollar or cents hurts when Hive pumps up in price.
Yep certainly hurts Dec holders. Makes it not a viable token to hold long term which maybe a good thing.