Hive blockchain - HBD offers stability while Hive finds its footing in a highly volatile bearish market

It is hard these days not be affected by the crypto downfall and the highly volatile market even from one day to the other. And along with it HIVE is trying to find its footing while is price went down to $0.074 and inflicted pain in many users. And while this happens and there is no stopping it, the HBD stablecoin shines brighter as it brings stability to this entire ecosystem. And we quite need that in order not to scare away existing and potential new users. And as a holder of both assets, it feels quite good when I get my monthly interest on the HBD in Savings which provides 15% APR.

HBD is holding the line during this depression and bear times

I have been around Hive long enough to remember other brutal bear markets and this one feels familiar. Prices bleed, sentiment drops and articles creation gets quiet. What feels different this time is how HBD has been performing in the middle of all this chaos. While Hive depreciates with the rest of the crypto market and maybe even harder, HBD stays close to one dollar of Hive and gives people breathing room for stable income. In such times, HBD is a stable variable in the Hive ecosystem. When Hive dropped hard (my God, when will it stop?!?!), I focus mostly on HBD.

What really stands out is how HBD Savings kept delivering and I hope it will continue to do so. Even while the broader market was hit hard, HBD continued paying interest. The 15% APR is a steady reminder that utility matters more than hype. In a bear market, survival is the win and HBD helps me staying afloat. I attended my stash of HBD for quite some time and now I am getting somewhere around $80 in HBD which feels quite good.

Hive is playing the web3 long game

From my perspective Hive has always been about more than price. It is about content ownership, earning through participation and building web3 use cases. Still, price matters emotionally and seeing Hive so low hurts. That said, this is where HBD quietly supports the entire blockchain. HBD gives Hive something many blockchains struggle with: an internal stablecoin that is actually used during bearish times, but not only. People pay for services with it, save with it and move value without jumping off-chain. In a volatile crypto market, that kind of stability keeps users engaged instead of forcing them to leave.

Why I’m still here even if more silent lately

After all these years, I am still here on Hive, even if the chart looks painful. I have seen cycles come and go and each time the projects with real utility and community survives. HBD has proven itself during this bear market as more than just a stablecoin. It has been an anchor.

I think that as long as Hive keeps building, onboarding becomes and stays simple and HBD continues providing stability, I am comfortable riding this out. Bear markets are where ecosystems are tested, and so far, Hive and HBD are holding their ground. That is enough for me to keep around, post and believe in the long game. I just hope that HBD Savings will keep on giving even if Hive price will continue to fall. Others see a risk here as the Savings APR might stop if Hive doesn't stop losing value and while I don't understand why that would happen, we'll need to wait and see. Or maybe you understand the reasoning for that, I would be glad to hear them in the comments. That's it, roger out! 😉

Posted Using INLEO