The Hive Backed Dollar (HBD) market has my interest today. Normally I don't really pay too much attention to the price of the HIVE/HBD market, but today this seems a good value for your buck
Often when the price of HIVE is down, the price of HBD also drops below the $1 mark. $1 is the pegged price and the HBD is supposed to stay around this price. Consider it like Tether or so, this is also supposed to be around the $1, with small fluctuations.
But today we can see that the price of HIVE is staggering low at 0.115 while the price of HBD is exactly at the $1 mark. That will give you almost a nice 9 HIVE for 1 HBD. Resulting is people who were saving up their HBD for when it had some value pumps as the one of today. Look at this!
There isn't a lot of buy orders in the market anymore. In general this is way more balanced but you can see now that most of the HIVE is bought already, leaving only a small line of buy orders.
I never really held on to my HBD because I always already felt that with my posts they pay out in HBD and I still have the feeling that the price of HIVE will go up, which would lead to a worse ratio in the HIVE/HBD trading.
But for the ones who have saved up this is a nice buy.
