HBD Pump, Is Hive Next?

Hey guys, it’s that time of the market where we are seeing the price of HBD Depeg above the $1 price, causing desirability in the price. Well HBD is not the only stable coin that has depegged from its $1 peg, the Huobi exchange stablecoin, HUSD also got depegged from it $1 peg price going blow $1.

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Occasionally we get HBD pump from our Korean friends who sees potentials in trading HBD, this has been the way it has bee for some time now, we saw over sixteen million dollars pumped into HBD according to the stats from upbeat exchange. This has made the price to spike over $1, this happened while the whole crypto market was having a tanking spree. The price of the total crypto market cap has dropped over $550 Million since the last 24 hours, bitcoin got to $21,500 and ETH gone down to $1,700. Although the reason for the sudden tank is not known, could be the bears winning in the bull vs bear battle.

But it is seen that while the bear market is affecting other coins HBD is exempted, the price that got pumped into HBD for the HBD pumping extremely small, this just shows how early we are in the HIVE space, the HBD supply s quite low and the market cap is low as well, so $20 Million trading transaction is low. Imagine if the supply of HBD is over 300 Million or at least 1 Billion in supply, do you think a $16 Million transaction pump will have any effect on it? how do we generate more HBD? We need to buy more HBD and place in the HBD savings, we also need to make more contents, curate and have HBD minted as author rewards.

History has had it that some times when HBD gets pumped like this, HIVE is next, we saw this happen few weeks ago, its like a thing, but does this mean that we are going to be seeing it soon? Time will tell, Hive is a gem and I hope these Koreans see it to be ore than a token they can just pump and dump anyhow and start utilising its true value. If just Koreans who don’t utilise its true value can pump it this high, imagine what happens when other big whales discover its value and starts investing in its true value.

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