Another Algorithmic Stablecoin (Terra USD) & it's native token LUNA get investors' attention & reach into the top 10 crypto market capital.
We wish to give an intro & compare Terra USD (UST) with Hive blockchain stable token Hive Dollar (HBD) here.
The below image will give you a brief idea of how TerraUSD (UST) keeps its' $1 pegged price & how LUNA boosted to $70+ token market price in a year.
The above results indicate HIVE token can reach a 50 USD price feed with future developments focused on the HiveDollar (HBD) stabilizer mechanism integrated with HIVE token burnings & increasing the Circulating supply of HBD based on the Terra Expansion & Contraction module.
Unlike other Blockchains, HiveDollar (HBD) has a saving-based interest rate feature that is integrated into the HIVE Blockchain. But it still lacks HiveDollar (HBD) Circulating supply to get attention from crypto whales who wish to earn 12% or more APY with blockchain integrated secure investment.
With HF26 (the upcoming hard-fork of the HIVE Blockchain), we hope HBD will start competing with the TerraUSDAlgorithmic Stablecoin market & it will boost HIVE to the moon.
