Hive backed dollar being a stablecoin on the Blockchain was exempted from the massive meltdown in the crypto market in last few months. So I guess it'd be a good or wise decision for any investors to mine, and also invest in buying and holding the coin using the buy-and-hold method due to its stability in the market and also considering the high price in USD.
Recently I did visit the coin marketcap to check on the price and to my greatest surprise it's still in the range of $0.975 to $1, and the increase was up to 2.91% to 2.94% in the last 24hours.
Hive Blockchain is an interesting Blockchain and having its own stable coin which HBD makes it one of the Blockchain platform for crypto miners. I strongly agree that HBD is created to hold the price of $1 USD for longer period of time.
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Another major advantage of HBD is the interest rate of 20% APR on the Blockchain. This alone is one good reason why a wise hive miner should save up their accumulated HBD on the APR 20% on the Blockchain. Recently I have thought about buying or mining lots of HBD and as well saving it here. I'd say for now HBD is reliable in terms of stability and the fact that it's maintaining its price within the range of $0.975 to $1 is really something to look up to.
I really acknowledge the idea of APR 20% in the Blockchain it encourages one to develop the act of saving and getting huge interest on every amount you save at the end of the month on hive Blockchain. I agree that all we need now is bear market for all miners to benefit from the Blockchain and it's still the best interest rate on the crypto market ever.
At the first instance of the meltdown I didn't believe HBD would survive or be exemd from the massive meltdown or deflation, was focused on USDT during this memorable and terrifying period, USDT also maintained its price of $1 but I noticed that hbd as a stablecoin was literally not affected the huge delation that occured and I was made to understand that it's also a semi- stable coin but which ever way, HBD maintained it price.
So I'd advise my fellow hiveans or crypto investor to do some buy-and-hold method with HBD on the hive Blockchain or wherever it pleases you.
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