HIVE is finally breaking out past 60c! Bitcoin has yet to recapture the $50,000 level but the rest of the cryptocurrency market is already in a sustained bull market. Ethereum is now half as big as Bitcoin, Cardano just hit $3, and the overall crypto market is approaching the all-time high set in May.
That chart goes back to June, showing the bottom about 0.2 and the current move above 0.6.
Here's a look at today's action:
Once price broke above 0.5 it moved quickly to take out the 0.6 level, which saw a push to 0.65 in the past hour.
My hope is Hive is finally recognized as a solid blockchain platform with a lot to offer, and continues to grow in popularity. We shouldn't be a junk token. HIVE has utility and a functioning ecosystem and bustling community. It has flaws for sure, but there are ways to fix the flaws. The HIVE we've been earning may soon surpass $1 toward $10 and beyond as the crypto market surges.
Just briefly, I want to show you the total crypto market cap:
People only watching the BTC price are probably unaware what appears to be coming - another big move up for the cryptos!
DRutter
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Hope Hive can hold the rise.
Me too. Holding well above 60c so far, 70c at the moment.
Sure there could be a pullback, but with the overall crypto market advancing into fall, and Bitcoin about to break 50k, and all the side projects like Spinterlands taking off, maybe things will just keep moving up. Maybe we're very undervalued? Maybe at #240 on cryptocap there's a long way to go to reclaim a spot in the top 30. Maybe we'll get back to the previous high of 8.2 USD? Hmmmm, possibilities.....
Chyeeeea, this is good news! FINALLY!
Upvoted and reHived :)
Seems bullish on many time frames.... all the cryptos are looking pretty good. This could be an interesting fall!
Hive is pleasantly surprising us lately and I think beside the strong economics and mechanics that were implemented lately like the HIVE to HBD conversion or HBD savings, it pulls more users through successful projects from here. One example of that is Splinterlands and what is great about it is that the users captured with it will and are expanding to HIVE communities, other blockchain games from here, and dapps. Having this along with a bull market is just the perfect recipe to shine on!
Posted Using LeoFinance Beta
Thanks for your comment and curation :)
I agree - the side projects and added value injected from all angles of the platform really boosts the utility of HIVE, and investors are beginning to take note. Use is increasing again, injecting new life into the chain and token. Let's hope the fire stays lit this time, and grows!