HBD is an algorithmic stable coin that aims to keep a value of approximately $1. However, it isn't pegged at exactly $1 and will vary from time to time. +/- 5% is not uncommon. Greater fluctuations occur less frequently. HBD is a good place to park funds long term if you are looking to earn relatively safe returns in savings or weather a bear market for example. It's less useful for day trading in times of significant price movements of hive.
You are viewing a single comment's thread from:
Yes I learned this over the last few weeks and do worry as these sudden rises are seemingly going to happen far more frequently. Long term I agree it has a use case and that is something that we at least do have.