Bearish trend continue in crypto as the market almost dip down 4% despite yesterday gain. Currently global crypto market was $1.11 trillion which was around $1.16 trillion yesterday. Almost $50 Billion wiped out from the market.
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Overall red color dominance observed in crypto market. Dip in price of volatile coin has moved investors on stable coins, that's why two Stable coins are placed in top 5 list.
Investment on stable coin is less risky if we compare it with volatile coins. People who are afraid of more loss often convert their investment in stable coin during bearish trend. Now the question arise, if the stable coin is safe enough.
It is relatively safe, but you never missed out Terra Luna crash in which stable coins dumped badly. Despite of Terra Luna incident mostly stable coins are investors safe heaven.
Our Blockchain coin Hive has also a stable coins in the farm of HBD. HBD is still under rated coin. Currently coin is placed at 4426 spot. It deserved better position in crypto market. One of the main under rating reason of HBD is that it is not available in many centralized exchanges. Currently coin is available in Bitrex and Upbit Exchange. It required to be launched of more exchanges in order to gain popularity.
There is clear advantages of having HBD in your wallet. It not only make your investment relatively safe but also give you an opportunity to earn 20% APR on HBD investment.
If you have 60,000 HBD in your wallet. You will earn almost 12,000 HBD at the end of year. If we divide it in months you will receive 1,000 HBD every month. 20% APR is a handsome profit on stable coin if we consider the bearish trend in market.
Time to promote HBD stable coins in order to bring masses on Hive community. Leofinance is doing a great work in this regard, they already have introduced HBD in Binance and Polygoin chain (PHBD). It will definitely increase the use case of coins. We need more promotion. You may post a thread or Tweet to support HBD. It will work out in longer run. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.