How to Increase Hive Backed Dollar Price in 2023.
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Hello great minds, i greet you all. Today i couldn't sleep all through the night but just checking on the price of HBD but discovered that the price is very low.
Since then, i have been thinking on when the price will increase and how will it be possible. I thought of different strategies to use in order to achieve grate success at the end of 2023 by seeing HBD moving to hit $10 each. Today 1 hive in dollar worth 0.3609 USD.
I believe if something is done about it, the price will gradually increase until our long term goal is achieve. There is a saying that "A tree can not make a forest", in this initiative, only a person can not achieve this goal, only leofinance can not achieve the goal but if all the communities on HIVE blockchain come together and implement a standard, i believe this will help to boost the price of HBD.
Even as a newbie trying to followup here on HIVE bockchain, i discovered that the wallet section has a place for HBD savings which is very important and can be use as one of the means to increase the price of HBD. This is a trustless stablecoin which is being backed by the underlying worth of Hive blockchain and tight to the USD. Note, this allows the HBD to become equivalent to USD when converted via the process of the onchain conversion operation.
I believe the total supply of HIVE is much and HIVE had millions of customers. If Hive coin is made scares in the market, this will increase the value of Hive and that of the HBD price. Now this can be achieved if Hive bloggers will consistently save more that what they withdraw out from their wallet. This will serve as a great way of saving for the future and by so doing, the price will increase overtime as HBD price hit $10 in a long run.
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Hive is one of the Crypto currencies that is been recognized and bigger exchanges like Binance have it listed not to talk of smaller exchanges. I used Binance and Roqqu in trading Crypto but i highly recommend Binance exchange when it comes to accuracy and buying at the best price so far. If we can buy more of HIVE coin from recognized exchanges and power up, it will be a very good strength to hive blockchain thereby helping the price to have an hedge over its previous highs.
Hive is Rank 154 in CoinMarketCap
Different exchanges varies in prices. When looked at the CoinMarketCap, the price is $0.3984 while on Roqqu exchange we have a higher price of $0.39983 likewise Binance exchange.
When you look at the screenshot above, there are different Crypto Currencies to trade with HIVE using the Binance exchange. If hive token is been staked by traders, in the long run the price of Hive will increase.
Thank you very much and feel free to tell us your opinion on what you would want the price of HBD to be at the end of 2023 and what strategy do you have in mind to employ for this to be achieved in the long run. Thank you as i expect your comments below.
