Huobi Listing + HIVE Jumps 60% in Price, Here's Why That Impacts the Fundamental Development | LeoFinance Podcast #37
What a day! HIVE is up over 60% in price on the news that Huobi is listing your friendly-neighborhood cryptocurrency.
There are a lot of amazing developments on Hive, but when the price jumps like this it has an exponential impact on the pace and scope of those developments.
For one, you see more creators/users interested in blogging/using the blockchain so they can earn more HIVE from the rewards pool.
Even more profound, however, is the impact that the price has on the DAF: Decentralized Autonomous Funding — on Hive.
The DAF has increased in value from $9 million to $15 million basically overnight. In the broader crypto space, people may consider these numbers to be next-to-nothing. On a blockchain like Hive, however, these numbers are incredibly impactful. The reason being that the funds are open, transparent and are rewarded in a decentralized manner.
Would $9 million or $15 million motivate you — as an individual developer or even as a developer group — to put out a proposal to improve the blockchain in exchange for a portion of those funds?
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In This Episode:
- HIVE Price Jump
- Huobi Global Listing HIVE
- Hobi Airdropping HIVE
- Bittrex Marketing HIVE
- Fundamental Developments of Hive and How a Price Increase Impacts Them
- Decentralized Autonomous Funding Mechanism on Hive
Links Mentioned:
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▶️ 3Speak
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I've been making sure I set my beneficiary to SteemDao as much as I can...I think this is our game changer for development. And makes this blockchain that much more attractive....
What a day!
I think this is just the beginning....More and more people will start poking around and seeing how great HIVE is. But then again.....I'm very biased LOL
It all builds upon itself if we are consistent with our actions. Any success can be leveraged to even greater heights.
It is impossible to know where attention comes from but with persistence, we can put a lot of feet forward.
Oh I agree completely....I'm just focusing on using the blockchain and talking about it everywhere I go!
Posh ;)
Sure the DAF doubled overnight but unless all of that HIVE is converted to HBD, it could all go back down overnight. Or double and double the DAF again.
Even just 9 million is a lot in developer funds and makes me excited to see what kinds of projects people will be proposing.
I have seen more marketing by Hive in two months vs steem's entire tenure.
That is impressive considering Hive is one month old. 😁
Pretty insane to see it. I hope we’re just seeing the beginning stages of a long-term attention grab by the hive community
Posted Using LeoFinance
If it goes up any higher, before pulling back, it will be sure to crash back down.
Posted Using LeoFinance
Nice hive pump