HIVE's short-term and long-term price prediction

in GEMS3 years ago

All of ideas presented below are from my own point of view. I do not give out any recommendation for your choice.

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Firstly, let see and predict BTC's price next months and years because BTC's price is always a strong influence to HIVE as well as to other tokens or coins's value.

Many crypto-traders have optimistical belief on new ATH price of BTC. They predict BTC will reach 100000$ -120000$ around this year or in the next year. However, looking back at charts, we can see that a strong pull-back correction may happen next weeks and months.

BTC will possibly test 45000$ within the next week. And it's even returning to 30000$-40000$ that may be seen on monthly chart.

In the past, it took 36 months to test BTC's ATH at 20000$ then breaking-out. If repeated, BTC will move below recent ATH for years and the price's range may be around 20000$-60000$.

For Hive, let look back its history.

Hive is on the way to retest 5000 satoshi within this year. That means if BTC stays within 20000$ - 60000$ as presented above, Hive's value will range within 1$-3$.

On Hive/USDT chart, we can hope Hive will retest 1$ before mid-August.

Based on the analysis above, no matter how BTC's price will change, Hive has great potential to retest 1$ within few months. It could even test 3$ this year if 1$ level easily broken-out.

For further run, Hive will possibly reach 10$, 100$, 1000$. In comparision with Theta's market capitalization, Hive hodlers could totally believe that will come soon.

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It could even test 3$ this year if 1$ level easily broken-out.
That would be a blast.

would love to see those price hits.
an also for btc to go down is even nicer, we can accumulate more of that precious btc

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I will like to see it hits 3$

Hive definitely seems tethered to the price of BTC.

I think this is really hard

It could go high but it would take a while as people are usually dumping the hive they get. A shame, though, because Hive's a pretty good coin with no fees etc.

Beautiful post! I also think Bitcoin will see it again at $ 30,000, as far as HIVE is concerned, I believe it will fluctuate between $ 0.3 and $ 0.6 in the next 2 months, I don't think it will reach $ 1 in the next 3 months ... I also hope I'm wrong

That's a really nice prediction! I'd love to see hive at that price. Considering speak and the IPFS network actually being a community of different blockchains merging to create a stronger network, increasing the number of nodes for computing, we will see marvelous speeds on the web3. I think when one considers there is nothing that can mimic our awesome community here, i just consider the 2.3 billion people on pissbook and hive having an available supply of 375 billion. We only need one project where people transact using the hive engine and create a commerce front end and it's over! Hive is free for transactions. We're social! I wonder why no one built a bnb community yet 😅 thanks for your wonderful take using the bitcoin rise analogy. Have a similar feeling in my gut.