Being in the crypto world means always chasing new 10x, 100x gems, hoping to catch it early and make a fortune. There are plenty opportunities and as many traps as well as the good majority of the tokens could be worthless in a year or two. Not this gem though.
As I've said recently in one of my posts, I'm rarely looking at the HIVE chart as HIVE is just HIVE and is not acting in a similar way as the other cryptocurrencies. If you're using the charts on a daily bases, you know that certain charts show the same pattern, meaning when BTC is up, ETH and/or ADA is up too and vice versa. But not HIVE. Hive is moving its own particular way, taking its time.
My plan is to accumulate as much as I can, till it's this cheap and redirect towards other projects only what is strictly necessary.
Having a look at the HIVE/USDT chart, the price action we've been seeing lately is a good one, in my opinion. HIVE has been able to stay above the 200 day MA, which is a key indicator. I'm not going to compare the chart of the old chain token with HIVE, I'm going to just say that we're in a way better position, no matter how you look at the facts. Development is ongoing and every new dapp/game brings more and more users.
However, not everyone can see what most of us have been seeing from the beginning. Not long ago I've read a comment on Hive saying it's not worth blogging for a few sh*tty $$. These are the people caught plagiarizing and/or those who still believe fiat is the only one that matters.
Number of unique users transferring HBD to savings daily, by @ amr008
The rest of us who know the value of the token (I said value and not price) are accumulating anyway we can because we know now is the time.
The chart above shows how many are using the HBD saving option, which is a new thing we got with HF25. I'm hoping to see the number increase each time a report is done. The more users are saving HBD, the more users will have a safety blanket in case funds are needed.
Daily Amount of HIVE converted to HBD - by @ penguinpablo
I would say this chart is of utmost importance as it shows there's a huge interest in converting HIVE to HBD. This happens for two reasons, one of which is to transfer HBD to Savings, which is great.
This saving option is just one of many we have here. No matter where you look, you bump into projects that are offering good earning opportunities, but in order to appreciate them, one has to have an appropriate mindset.
New accounts created - chart by @ penguinpablo
We've got a new game token launch recently, that has driven a lot of new users to our blockchain. Usually that's what happens, news breaks out, new users come and when the hype is over, things go back where they were. Looks like it's not the case yet. The chart above shows the number of new accounts is still growing.
And here's the answer to who's creating the most new accounts. This is good as it shows the new gaming token launched is successful and driving users to our blockchain.
We've been talking about mass adoption and been waiting for that to happen. We're not there yet, but with every new development we're closer to creating a complex ecosystem that can be attractive to the masses. We've got blogging, tribes, gaming, video platform, DeFi, just to name a few.
I can't predict the future, don't have that ability, thank God, but in one year I'm sure these numbers will look very different in a good sense of the word. We're catching HIVE very early and instead of moving from one money-losing millionaire-making venture to another, losing capital every time, it's best to focus on what we have here. Now more than ever.
So what do you think? Is 10x or 100x possible for HIVE?
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Awesome seeing the movement of hive. I believe we are up for more great times ahead. I will like to conservative with my prediction, so I'll say a times 10 is quite realistic. Maybe times 100 in few years time. Anything very possible in the crypto verse.
This is just the beginning. I don't know how long it's going to take to reach $5 for example, but $1 is not so far. We've been there but that was just a pump and dump, this time it's going to hold.
We're going to be proud of what we've achieved here, very soon.
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Excited to be here at such a time. Patiently waiting till hive it's full potential. I just have a good feeling the remaining part of the year would be awesome Hive.
nice!
Stop spamming!
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I also had bought some hives and I made a lot by selling them now
I've never bought hive, all I have in my portfolio is earned.
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good for you on earning a lot
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Wow, this is amazing. Thank you for these updates, it's actually fun to see these targets reached.
Looking forward to the next one.
Have a great weekend 😀
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You're welcome @erikah, we're doing that with pleasure! Thanks for your daily motivation, you're on a good way 😊👍
See you soon!
That is good business.