With the increase in the Hive price and the Hive market cap, the Hive debt is now bellow 6% after a long time.
The Hive debt is the most important indicator when it comes to the health of HBD and it needs to stay under 30% for HBD to be valued at $1.
HBD exited the latest bull market with around 24M, and has decreased in supply mostly in 2022 to around 10M. In 2023 we have seen a slight increase in the supply to 11M where it is now.
If the latest market movements are a sign that the bear market is coming to an end we can say that HBD has went through it unscratched. It has held its peg during the worst time. Congrats to everyone that is holding HBD and has taken advantage of the 20% APR.
Impressive performance indeed, I am going to stack more HBD in the coming weeks/months
HBD recently has been performing quite well in terms of the stabilisation of the price