Might need a bit more. Looks like the market cap of Hive is at $214 million. I think there is roughly 24 million HBD. So we are looking at another %25 million on the market cap of Hive to get us there.
Just a guess since I didnt look at it that closely.
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Well either time or price will be required before it changes then. After all, we get more HIVE being added each day due to the inflation.
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That is true and that is the idea behind it. When the debt (HBD) gets too high, then we create more Hive. So that will also help to offset it over time.
A quick price move will change it a lot quicker though. LOL
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I think it's also because HIVE is deflationary right now. The 3 HIVE used to "buy" new accounts gets burned so with all the accounts Splinterlands is opening, there's a LOT of HIVE coming out of the supply. 10k new accounts per day equals 30k HIVE burned...
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Yea that makes sense... that's a lot of Hive burned
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