Ask Leo: Is HBD Really A Stable Coin With It Fluctuation Of Price

I have always said that a lot still need to be learnt in the Hive blockchain because we still did not know all about some functions and process that due occur in the platform and cryptocurrency itself. Cryptocurrency is down at the moment likewise prices are going down and this acts as a tough time to experience in cryptocurrency.

Image screenshot from CoinMarketCap

However, my main concern about the whole downtrend of price in Crypto is the fluctuation of the HBD because from what I could understand about the HBD is that it stands to be regarded as a stable coin but from what do occur in it fluctuation of price is that it is never stable.

Though I might be wrong but stands to be corrected because I really don't know much about the function but still willing to learn as well. Despite that I can still give credit to the strong maintaince of it price around $1 because it never falls heavy and fluctuate around $0.98 to $1 most times.

This however might be part of the stability that makes it to be referred to as a stable coin but then does anything stable still need to fluctuate in it price. A few months back I could remember that there was a heavy pump in the HBD price that went to increase above $1.50 which was quite surprising to me because I wasn't expecting such to happen.

The sudden pump in the HBD then didn't last long but it played a part to enable people utilize the opportunity by converting to Hive to secure more of it which was a massive opportunity to do so then but also a personal choice of investment.

We still learn everyday and stuff like this still needs to be enlightened for people who are joining in newly to know about more functions in the blockchain and this is why I appreciate the contribution and existence of the leofinance community.

HBD is really playing a huge part in the blockchain because this is one of the major reason why I feel most people don't bother about the downtrend of Hive at the moment because of the positive feedback from the HBD and with hope there is an opportunity to witness a heavy pump again.