Hive at 22 cents

Don't get me wrong, 0.22 USD is still way too small a price for one Hive, but remember we were at 0.11 USD not so long ago. So the value of our vote and accounts has doubled in a matter of 2 months. Not bad is it!
And there are signs that this is just the beginning. A very important sign is the fact that on the exchanges the amount of stored Hive is stabilizing. Since the beginning of Hive it has been going up constantly, which is a sign that Hive had too much sell pressure. Now, since about 10 days an equilibrium has taken place. The buy side and the sell side are practically the same. Which makes the price rise. The next step is a decrease of the number of Hive stored on the exchanges. That will make Hive rise a lot more than it did the last few days. The phoenix is rising from the ashes, and it was about time.

Where is the real equilibrium? In the short run, I think at around 1 USD, but in my humble opinion, Hive is worth a lot more, so where is it heading? I have no clue, it can be 3 USD, but at the same time, it could be 20 USD. Who knows? I don't, but time will tell!

Keep on Hiving!

Sincerely,

Pele23

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