This weekend is a good start for the hive family as the hive price shows a good price pump. I am not sure about the reasons but I am happy to see the green color. The community seems to be happy because we all expect the price to go higher and this time when the entire market is not really in a great position but he still the Hive coin is doing pretty well.
I always believe that the hive blockchain and his family are different as compared to other crypto projects. We have already seen the price beyond 3 dollars and now it is approximately 60 cents which means we are still at the level of the discounted price. I was able to add a few thousand hive power to the account when the price was low. The way it is going can also move forward and it will not be a surprise if we can see the price is almost $1. In fact, I want that to happen because this will allow me to convert some Hive against hbd.
HBD is a stablecoin and if we deposit this in our wallet under-saving then we can earn a huge apr 50%. I call it huge because there is no other option like this that exists in the market where we can earn such a bigger percentage with stablecoin. Keeping some coins in the saving account is very good and it can be a good way to earn some passive income.
My plan is to do the same and if the hive price goes up to $1 or beyond $1 then I will be converting some hive to hbd. I am keeping a close eye on the price and will see how it behaves in the next couple of days or even a week. Even though the price is high but also have no plan to sell out because this is not the right time for that however the conversion can be a good strategy to follow with hbd. I can convert it back when I see a lower price for the Hive because ultimately HBD will be $1.
This does not seem to be a temporary increase in the price because if it is a pump then we often have seen that it goes back to its normal on the same day. Today it has not happened and seems like it will go further which is a good sign for us. It will be interesting to see how things will we have in the market for the price of hive coin. We cannot ignore the amount of development and innovation happening on the chain and this is the reason why we can see some price appreciation however this is the beginning I believe.
Whatever coins I had in my wallet are converted against hbd but sadly the balance was not high. If things maintain the same momentum then hopefully in the next week I will be able to execute some action to convert some hbd against my hive balance.
Thank you so much
Stay Safe