PHBD Is Now Showing The Right HBD Price?

in #hbd • 2 years ago

Since Leofinance introduced the pHBD-USDC pool, the price of pHBD has been 1$ or above.
Meanwhile HBD is still volatile. This just goes to show that the price of HBD that is tracked by coingecko is not quite the one. This price represent HBD as it is traded on the korean Upbit, and the pair there is HBD-BTC. So whenever BTC dips so does HBD.

With pHBD-USDC we now have another reliable source for HBD price, and it showing better stability.

Another important pools is the internal DEX.

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These big differences in price just show the low liquidity of HBD. As liquidity increases, this price differences should decrease.

Long post about HBD trading volume on different pools coming soon :)

#volume #leo #pob
2 years ago in #hbd by
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     2 years ago 

    wow, HBD and PHBD are holding their grounds tie on the $1 price.

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       2 years ago 

      CTP!

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         2 years ago 

        HBD not as much :)

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           2 years ago 

          Will I can say I am still into it even though it's at 90 cent as long it stay's their I think he is holding it's ground ties

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             2 years ago 

            Its just visual ... what matters is if you cahsout, how and when you do it.

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               2 years ago 

              totally

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                   2 years ago 

                  The price of pHBD is more stable. I wonder is it because it can be paired with another coin, for higher APR on the polygon network !

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                     2 years ago 

                    It is mostly because it is paired with a stablecoin.

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                         2 years ago 

                        You are omitting the internal exchange. This is holding the price much better.

                        Plus there was close to $100K in volume each of the past two days. So I think it is now a viable option.

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                           2 years ago 

                          You are right!
                          And I'm not omitting it. How can a data guy miss something like that :)
                          Its a short post and I just mention it to have it in mind.

                          Another important pools is the internal DEX.

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                               2 years ago 

                              I wonder if HBD will ever get stable at $1.

                              Posted using LeoFinance Mobile

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                                   2 years ago 

                                  No, until it is not listed on more exchanges and with pair for other stablecoins.
                                  Now it is only listed on Upbit against BTC.

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