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 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?