We will see why Hive is rising, its fundamentals and what its next price movements may be.
Let's get started
Fundamentals
Hive was born with the creation of content that is evolving, growing in investment options that is attracting interest from investors.
Hive and LeoFinance has evolved with projects such as:
- DeFi projects generating spaces such as Cub-Finance, TribalDex and BeeSwap. Providing liquidity to its investors, receiving a reward in return, in the second layer of Hive.
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Easy to Use provides a solution for investors looking for a return on their investment.
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This allows the content creator or any investor to obtain a return for providing liquidity in these Defi spaces.
- Blockchain games generates entertainment space to the Hive network, games like Splinterlands, Rabona, DCity have generated a lot of interest and attracted new people to the Hive network.
Splinerlands is a card game that has a lot of interest on the net and has made many participants win a lot of money.
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Rabona is another soccer game that has a lot of interest on the net, there are many tutorials on the net, Rabona is a massive multiplayer online soccer management game built on the Hive blockchain. Lead your club to the top of the league and become the champion!
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Dcity, this is a simulation game where we can build our own city, this game is on the Hive platform, where we get NFT tokens that will represent our assets in the game.
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And there is more
All this evolution of Hive in terms of options that diversify the creation and investment options is generating great interest, keeping the community active, and attracting investments that influence the price
Price
Hive has reached nearly $ 3, Target's target of 2.6 analyzed weeks ago and surpasses it.
Then it corrects up to a 50% Fibonacci retracement of the last bullish move, and the price begins to rise again
Months ago I started telling you that Hive was repeating a pattern of ranks.
I have identified times that the price of hive repeats.
For weeks I have been saying that Hive is building price around 1 dollar, to continue rising, repeating pattern of ranges and this is happening.
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Current situation
We are at moment 2 of the cycle that Hive repeats and I have analyzed in depth in previous articles, I recommend them
Upward
The price of Hive donates strength, we saw that while Bitcoin corrected the price of Hive went up.
Today we see that the price of Hive continues its upward momentum again, after the correction of Bitcoin
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The price is on track to exceed $ 3.
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- Hive may be forming a new uptrend line with a higher degree of inclination.
Correction
- Analyzing the previous cycle, Hive could fall back to the breakout line of $ 1.15 if Bitcoin continues to correct
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- Or Look for the uptrend line below the dollar
Hive has made very interesting movements in previous cycles that I have identified, I recommend my previous articles, which could be an indication of possible new highs in the short term, which I would like to analyze in future articles ,, thanks
What do you think?
Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring
To be attentive
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
For your vote or comment, thank you
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Very nice summary of what is taking place. It is great there is so much going on.
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Thank you for your comment and your vote and to all who have voted
I liked your article on the dollar and because it will not crash, when you explain the monetary expansion, the devaluation of the debt guarantee and how that expansion does not reach the people who continue to ask for more dollars.
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