Another degenerate ape like maneuver. The bDollar which is an algorithmic stablecoin running on the Binance Smart Chain lost almost 50% of its value so I bought it up. It has typically been trading higher than a dollar and in the last few days finally got to a dollar where it was trying to be but then this recent pullback pulled it way under.
Again I made a small investment and we will see if their algorithm will work when the market bounces back up.
It is very hard to keep stable coins at a dollar that aren't at least pretending to be backed by dollars in a bank account.
It might produce a quick double.
