Without a doubt, HBD is one of the greatest stable coins with the best pegging method. The method is quite good, as as it gets close to the peg, many of the HIVE tokens are changed to HBD to give the potential back, and the price rises back to $1. HIVE and HBD are the inverse of one other, and they are both intended to sustain each other.

Every Hivian is hoping that Binance will list HBD on the exchange and use it as a stable bridge for trade purposes. Despite being a solid, stable coin, it is still not accepted by many exchanges, with the exception of a few limited exchanges. The success of the HBD will be determined by its listing on Binance and other major exchanges, which may propel the HIVE price to new heights.

WHAT HAPPENS IF HBD IS LISTED ON A LARGE NUMBER OF EXCHANGES?

If it is included in numerous exchanges, this will be a great initiative for the hive ecology. The Hive blockchain will gain greater traction, and more users will begin signing up for the service and creating several accounts. People who want to get attention will purchase hives, and as the price increases, all Hivians will benefit. Being listed has the additional benefit of giving us the chance to begin trading HBD immediately.

Because HBD is a more safe and reliable coin, we will provide it as a bridge for trade purposes. In the short run, we will continue to trade, and when we see the bearish zone, we will go for HBD interest, which is currently 20%, which is charming and appealing. HBD will get greater volume quickly after enrolling and may soon compete with USDT and BUSD. HBD will be preferred by more investors and traders since it is a stable decentralised coin, and people prefer to invest in decentralised coins.

WILL IT BE MORE SECURE AFTER HIGH VOLUME?

Simply put, if it receives the same volume as other stable coins, it will be more secure than USDT and other stable coins. This is due to the fact that there is absolutely no room for manipulation of any type. HBD will continue to be robust and safe because of the Hive ecosystem and blogging platform as well as the fact that the more volume it handles, the more secure it will be. People are uninformed about HBD and how it operates, but once they do, they will undoubtedly favour this stable coin.

We can see that despite the low volume of coin circulation, HBD runs smoothly. I've examined this stable coin multiple times because it rebounces as it comes close to its peg point. Even after a hard bearish zone, the operating system continues to perform smoothly and securely. According to my reasoning, this stable coin is more safe and secure if it receives a large volume and gains power after being listed on major exchanges.

HBD is now listed on three exchanges: Upbit Indonesia, Upbit, and Bittrex. HBD is available with the BTC pair on these exchanges, and traders can utilise this stable coin exclusively with BTC, which is still limited in these coins. Upbit is a popular exchange in South Korea, however it is not available to everyone in the world. Because I am from Pakistan, I am unable to utilise this exchange, and similarly, Bittrex, which is based in the United States, is limited and difficult to register an account with.

In any case, I am hoping that Binance would quickly share this excellent news and enrol HBD. Take note of my words: once HBD gets enlisted, we will see a massive increase in popularity and price in HIVE. According to my study, they are considering and searching for HBD, and they may announce HBD enlistment shortly. If this happens, Hivians will rejoice, and more people will focus on the hive platform.

Let us all hope for the best about HBD to be enlisted soon so that we can enjoy trading HBD using a variety of pairs. That is my endeavour to give you with an informed piece regarding HBD, and I hope you find it interesting and helpful. If you find the post useful, please reblog it so that it reaches as many people as possible and that they can benefit the most. Also, remember to upvote, which will help me financially and grow my account.

• NOTE: PICTURES ARE TAKEN FROM CANVA AND EDITED IN CANVA.

DISCLAIMER

Please keep in mind that I am not a financial advisor. Never, ever take anything I say as financial advice. Conduct your own research. Before making any investment decisions, consult with a professional investment advisor! My posts are strictly for entertainment purposes!!

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Posted Using LeoFinance ^Beta

Posted Using LeoFinance ^Beta

Posted Using LeoFinance ^Beta