Since I got into the #hive ecosystem, the price of #hive has steadily declined, and we can now see that it is approaching an all-time low. We all know that #hive is a decentralized blogging ecosystem that allows you to reward your contents.
Furthermore, its reward structure is completely based on the price of #hive. This means that when the price of #hive rises, the rewards payout rises as well, and when the price falls, the reward falls.
Its compensation system is based on the average #hive price throughout one week. This means that if the average price of #hive remains constant for one week, you will receive the same payment based on the hive's price.
I recall when the price of #hive was around $2, and the payment from my content was wonderful. My posts receive more than $15 in upvotes on a daily basis, which is entirely due to the pricing of #hive.
However, as the price decreases, so do the benefits, and as of today, my posts will not surpass $6. As a result, the #hive reward system is completely dependent on the price of the #hive.
Unfortunately, the bearish cycle lasts longer than the bullish cycle, indicating that the price of the hive will remain low for the most of the time.
Only during the bull cycle you will receive incentives for your contents and I believe this will last approximately 1-1.5 years.
Assuming the price of #hive reaches $1 and remains there, everyone's post rewards will be enhanced by three times or more. If I receive $6 for my post, I will earn between $18 and $20 every day. Isn't that a nice income?
So, let us all pray for the #hive to reach $1 as soon as possible, which will undoubtedly help us earn more money during the bull cycle, and it is without a doubt the hope of all #hivians to see the price mark of $1.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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Pata nahi Bhai aab kab price uppar jayega 🤪. Kafi time ho gya hai aab too
bhai mene note ki hai, Hive price tab barti hai jb #Ethereum mei achi move ati hai 🙄
Ye to aache baat hai 😅✌️, matlab aab eth pe dhyan dena padega thanks for the information 😁