HBD : What Gives?

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Lately, I find myself obsessively checking crypto prices. Today I was a bit shocked to see the price of HBD down over 10%. Honestly, I've been shocked to see that it had been hovering around $1 since its inception.

I really can't say I understand how HBD works. I only know that it is ideally pegged at $1. So I'm not sure what made it drop so quickly.

I mean sure, it is constantly adjusting but this seems severe so I'm assuming there may be a single explanation for it.

I'm hoping that some of the smart folks at leofinance@leofinance can explain it to me.

P.S. I noticed there are some new battles forming in the steem war and I noticed steem price is up. Perhaps that has something to do with it?

HBD : What Gives? | Ecency