Will hive reach $1 this altseason? Hive is no doubt a good project and it has potential too. But in this altseason, till now Hive’s performance has been a bit slow, especially if we compare it with other coins.
These coins have gone up very fast, while Hive’s price looks a little stuck. I am remember in the last bull cycle #hive was the top performer and its price moved nicely but this time its bit slower.
But this does not mean Hive cannot grow. The crypto market is unpredictable, and sometimes a coin breaks out suddenly. Hive has a strong community, and the future of Web3 and blogging looks bright, where Hive can have a good role.
Its blogging site will be the strong helpful for the price movement. Hive ecosystem is a great hope for the investors and I am hopeful that Hive will surely perform.
If the market stays positive and Bitcoin stays stable at its current price then Hive can also move towards $1. It might take some time, but it is possible.
What do you think about the price of HIVE? Will it reach $1 in this alteason? Will be glad to see your answers in the comment section.
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My short-term price target was $1.6 (expected us to be there by now, oh well) and in the long term, I expected a ride close to $5.
Will that still play out? At this point, I think Bitcoin's volatility may significantly influence the likelihood because if we keep falling below $0.24, moving upwards can prove difficult.
$1 is my base case for HIVE this cycle. Could be more (1.50-2.00) but could be less too.