If you visited https://www.hbdstats.com/ you have probably seen the Hive Debt Support Price.
It represents the Hive price that supports the curent amount of HBD in circulation. If the Hive priced drops bellow this price, and the HBD in circulation remains the same as it is at the moment then that HBD will no longer be valued at one dollar.
At the moment this price is at around 7 cents for 11.1M HBD in circulation and a 30% debt limit.
Historically the chart looks like this.
The white is the regular, with red is the debt support price.
I have put the regular HIVE price in comparison as well. This is after March 2020, or after the creation of the Hive fork.
As we can see the two lines came together closely on two occasions, back in December 2020, and for a short period of time in October 2021.
At the moment these two a very far apart after a long bear market. Although we can notice the drop in the support price back in October 2022, this is after the Hardfrok that increased the debt limit, and lowered the debt support price. For a 10% debt limit, the curent support price is somewhere around 20 cents.
Thank you for this stats