I'm not going to pretend like I understand I understand what it means to experience a winter. Infact I have a medical condition that a cold winter or snow can cause flare up.
However we mostly equate "winter" to a tough period. We see it as a time to hibernate, survive, endure and fight.
You know that time when you are in doubt, want to give up or don't have tht strength to share and all you want to do is to just let go. This is called winter I guess. There aren't a lot of outdoor activities.
The winter analogy
Inasmuch as it looks really bad, it actually doesn't last forever and people can actually survive and come out on the other side.
The current crypto market conditions is currently one of the worst since 2017, and sometimes we wonder if it's just the regular winter, or THE WINTER that makes sure we never see a summer again.
99% of crypto projects are having a hard time
Recently a project called story protocol launched in 2024. It's an IP ownership protocols that raised $134M and did massive volumes in the first few months, but only generating 15$ in daily volumes as of today.
The founder has left the project, they've delayed aidrop token meant for their community, locked the token of others and the chain is almost abandoned.
Magic Newton was supposed to be the blockchain of blockchains, but the chain gave influencers their aidrop and neglected their community. They raised $88M dollars from investors but tht chain is almost dead.
There are actually projects like these everywhere; good tech, good money, may bad teams, but majorly suffering from bad market conditions.
Lombard finance once had a oversubscribed ICO sales of over $120M, but the market has currently affected their chain, and I have checked so far to check their TCL and recent activities. I think this can be found on DUNE.
Hive
With Hive we've seen the recent drop in activities since January 2025, it's faced a sharp decline. The debt ratio too, it rose the highest since 2021 in February this year.
I still think we'd get 3 cents Hive soon, and how the witnesses plans to handle this is really up up them, if they don't then I don't even know what will happen.
The witnesses haven't really done a lot, and if we weren't a DPOS chain, some of them might be out of that position for a long time, but I guess they're mostly comfortable because it requires more than just the regular ranting to remove them.
My point is that it's looking like 90% of crypto projects might not make it to 2028/29, and we haven't even seen BTC at 35k yet. This means the fear and the panic isn't even at its maximum yet and we're already feeling panic, pain and disappointed. We might as well pack it up before then
Finally
On the bright side Hive has survived a lot. I don't think if this would be the worst it'll need to survive, but this should be very easy if the witnesses actually did something to shore up the chain, fix a few things and get people believing again.
I was doing a little digging yesterday and I discovered something very sad and disheartening on the chain yesterday, but I'll rather keep it to myself yesterday and just hope the witnesses can wake up fast, get their feet up and begin to work.
They'll probably be the biggest losers if the chain chain folds up, since they probably get paid no matter what. The goal is to survive the winter no matter what
I agree, many projects will fail in the coming couple of years. The witnesses need too cut the rates and make some huge changes or Hive will be sub 5 cents in very short order. But not much we can do, we are tiny fish in a huge pond when it comes to Hive held!
!PAKX
Even if they make the changes I still believe Hive will be sub 5 cents in a few months but at least it'll put some form of confidence in investors or potential holders. I can see the comment of some people who left a while back, coming to gloat with the "I told you so" taunts. These guys should man up and do something.
Hmm, it is just so unfortunate that not many people are concerned about this Hive circumstances. Activities have reduced drastically. A lot of users are beginning to lose hope. I know it is just a phase as everything is bound to be better in the end, but the problem is if we do noting, everything will remain the same. I was talking to a friend who i ask to at least invest in Hive but he never Hive never really didn't well since the migration from steem. It seems promising at first but maybe people have lost interest. Hive doesn't go up on it own unless btc surge which is not really a good ideas. I'm looking to invest but I'm just short of fund. I know this is the time someone can invest. Or maybe I'm wrong.
This is how the market actually worked/works. The pumps of most alt projects are entirely dependent on BTC, and even if any project token pumps, even there must've been some volume activities going on in some CEX. The market has to be somewhat bullish before a project price pumps. This bullishness happened in January 2025. Safe to say Hive's bull run happened In January and February of 2025, and people who didn't take profit (including me) lost that window.
There will always be a chance if the chain survives, but I agree that the witnesses need to consider changes. Hive will continue dropping until changes are made, but they have to be willing to do so.
They're currently not willing to do anything; no changes, not meetings, no innovation, no announcement from them. It's terrible.
I would like to know more!
Me too.
Just a particular previous whale expression how they didn't like how the chain is being run.
I think, we have to survive until Russia-ukraine war is over, and well now the usa-Iran war... Then unless something bigger comes out, we should see some nice times
I don't know how long the wars will last, but it's not looking like it'll stop anytime soon. I still think Trump has a list of countries he'd like to strike and I have no idea how the Ukraine war is currently turning out