[nkkar]

Would this mean that the currency would never fluctuate below that price point?

[ThrustVectoring]

It's a price ceiling, not a floor. If prices go up high enough, it's worth turning on EC2 instances and paying for them with the mined cryptocurrency until prices fall. There's some wiggle room above the break-even point, since there is some delay between turning on miners receiving USD, and the miner has to eat that risk.

[nkkar]

Ah, yes, that makes sense, thank you!

[ktta]

not if you have a free-fall dump going on. This happens when investors lose hope in the long term future