Is Hive on the way back up?

in LeoFinance2 months ago

Ever since I registered on Hive back in August the price has been decreasing. It was kind of disappointing to see the effort you put into something not being rewarded in the Estimated Account Value.
But I kept interacting and growing the amount of Hive Power.
And now, after a downtrend of more than three months, the price is finally going up again.

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This is the 180 day trend. You can see it's been going up from the beginning of November.
If I zoom in on the last week you can see the steady climb even better.

image.png

Hive is at $ 0,136 today which is 33% more than it's lowest value on 4 november ($ 0,102).
Hopefully Hive be able to continue this trend.

Graphs are from @coingecko

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I would be surprised if Hive is not also affected by the starting ALT rally. However, I'm not sure if we can reach similar heights as in 2017 with Steem. I think it was around 3 billion market cap, which was huge and from my perspective unhealthy. Currently, I don't see a wave of new users as was the case in 2017. Should the numbers change at this point (follow @penguinpablo for this), this could be an interesting price development. Let's wait and see.

In general, you will have chosen a good time to get started, as long as this project does not completely break down.

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(follow @penguinpablo for this)

Thanks for the tip!

I think it was around 3 billion market cap, which was huge and from my perspective unhealthy.

I prefer a slow and steady growth :)

In general, you will have chosen a good time to get started, as long as this project does not completely break down.

I have been looking around and spreading my 'gains' over multiple projects already so I'm not betting on a single horse.

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I have been looking around and spreading my 'gains' over multiple projects already so I'm not betting on a single horse.

This is just a personal thought: Be careful with that. I know there are many interesting or potential interesting projects out there... But I made the experience, that less is more. From some point on it will be hard to track projects progress and you will be more easily hitted by FOMO.

When I started in crypto I was betting on really many horses. Meanwhile I changed my mind about this. Im still going for diversity, but I chose my assets carefully.

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I've invested just a small amount of money and at the moment only investing time to make it grow.
I divide the time over Hive, Leo and dCity. Every extra coin I somehow gather will be invested in one of these three.

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In any case courageous. Then I'll keep my fingers crossed that your calculation works out and that your motivation is not only to generate a corresponding return. This motivation evaporates quite quickly here and there when the winds turn.

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And it's ok, no one said it'll be easy. Have been grinding for around 2 years and while I understand the frustrations, our time will come.

Keep hustling, thats the only thing we can do right now.

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A nice picture you've shown us. Let it be true in the future too :)

What about HBD?

@tipu curate

Thanks!

HDB is tied to the US Dollar isn't it?

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Theoretically, yes. In real life it is like this:

Source CoinGecko

So it's slightly under $1 and not showing any signs to rise up to 1.

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 33 of my contest just started...you can now check the winners of the previous week!
6

Going up, just hope it can pass 5$

That's a long way to go...

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Fingers crossed

Hopefully yes. STEEM is already way ahead.

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I think the price doesn't match the value HIVE is generating, so hopefully we can see a stady increase over the coming months.

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