A large number of the coins on HIVE-Engine crashed when the witnesses raised the interest on HBD to 20%.

The smart money on HIVE knows that HBD has a higher rate of return than alt coins than the HIVE-Engine coins.

I noticed that many of the smartest players on HIVE simply dumped whatever alt-coins they had in their portfolio and transferred the money back into HIVE to buy HBD. This is easy to prove by following the Honey-Swap account which is the primary mechanism for moving money between HIVE and HE.

I confess, prior to the interest rate raise, I was transferring all of my HBD into HE.

The alt-coins on HE have the problem that the coins have saturated their market. If you look at the token page on HE you will notice that most of the coins have extremely low volume and low liquidity.

https://hive-engine.com/tokens

The daily interest for many of these coins is higher than the daily volume. This means that there is simply not enought buyers for the coins for the coins to maintain their current value.

Since the high HBD interest dried up deposits into HE, I suspect that the future for most of the coins on HE is bleak.

Since the alt-coin market is oversaturated and since HIVE guarantees the returns on HBD, I think the smart move is to follow the smart money and put it all in HBD.

Posted using Proof of Brain