Hello Fam!
I hope that life is treating you well wherever you are in this part of the world.
Recently, I have seen some blogs where people are talking about the hive price. I was checking the price for Hive in exchange, and this is what I see where the value is less than 11 cents this time, and I can see a continuous drop in its price, which is clear that the price is on a downtrend. It is very difficult to predict what price we're going to see in the next few days because it is completely dependent upon the market sentiment.
This time crypto market is bearish, and it could be a scenario where a correction is the reason. The Bitcoin price is also down this time in the market. I did buy Hive, and at that time, the price was in the range of 20-23 cents. Predicting. The market is not possible. Otherwise, I would have waited for some time, and today the price is low, so the quantity I got could have been doubled, but it is the market, and this is how it works.
I believe that this is just because of the market impact overall and not specifically on the Hive, because many other coins are also down. For example, if you talk about Ethereum, BNB, XRP, and some other top 10 coins So you will see that these are also on a downtrend. If the top ten coins are in a downturn, then obviously the hive is also going to be in the same spot. So it is the time when we can think of more accumulation, which is obviously not any kind of financial advice from my side.
By going through the market fundamentals on the basis of historical performance, it is clear that the rally has started only after a tough time it's seen in the market, and you never know if this downtrend can be the one. Let's see how things turn up in this market and when we're going to see some recovery on prices for different coins, which also includes Hive.
HBD is a stable coin of this platform, but that is also not available at $1 this time., So I think this should be a concerning part because if it is a triple coin, they should be around that price range, and a drop between five to 10% is really a big percentage with any stable coin. I hope this will improve soon.
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Yeah you're right that's the thing about it. Are you averaging down.
I did a lot of averaging down from 20 cents till 14 cents but now left with no money.
Fear is rising again in Cryptoland. Much has to do with the Classic 4-Year-Cycle that is about to end. People Are selling on the slightest Signal that the end is near. I don’t believe it is still valid and we will see more upside in the Coming months.
This is the index and its concerning. Hive is also impacted by this and I don't think that its an end. Its just the market and things will improve again. Time to have patience.
They say that even a lion takes a few steps back before attacking. Maybe this fall is the time to take those few steps back, after which we could see a massive bull run.
I like the logic you have given I also hope the same
The overall market condition is obviously very much impacting Hive, but we also have a technical bias to the downside here because of that recent wick down to almost six cents. It is trying to fill the gap down. Impossible to tell if it will see six cents again in the near future but low ten cents and possibly nine cents looks almost inevitable here...
I have seen a historical chart and found that in 2021 Hive was below 10 cents but after that a growth was witnessed so it might happen the same again. What do you think ?
heavy accomulatio by whales on this cheap price could only get a little
Good time to accumulate more.
I still have hope that Hive will eventually improve soon
Likewise I also have hope with hive
You mean stable coin?
It's true that prices have fallen across the entire market. I don't know when this will turn around because we're not seeing any positive news, but on the other hand, the crypto market is a place where anything can happen at any moment. No one can guarantee that Hive won't be worth $1 when you wake up tomorrow morning.
typo, I meant stablecoin and I kind of agree with you that there is no good news in the market this time. It might recover but looking at the current scenario it might take time.
Agree that its crypto and you never know if tomorrow that magic happens.
it is a good thing that HBD is a stable coin but it is concerning if it is not valued at $1
Its concerning indeed
Yes, today it plummeted to 0.899, I thought that didn't happen with HBD.
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It's a really complicated time right now, and many people are afraid and unsure about what to do, but we need to try to stay strong and keep believing in Hive. From what I've seen, voting for the Return Proposal, buying Hive, doing Power UP, and even using DV on questionable posts is a good way to help. In any case, let's continue to monitor this tense situation and hope for the best.
I share the same thought as you have and it's not the time to worry, rather try to have more HP and later it will be more valuable.
I hope so. Let's increase the HP and hope everything works out in the end.
The fall of the big coins have affected Hive
I hope it will recover but might take some time
Hive, like other cryptocurrencies, is heavily dependent on the value of Bitcoin: when Bitcoin rises, it pulls other coins along with it; when it falls, they all fall—it's that simple.
The problem is that it's been in freefall for at least three months with no signs of recovery, and this isn't directly related to Bitcoin, which maintained relatively stable prices until the beginning of last month.
Low price dekh ke bas ek he cheej bad rahe hai wo hai, dil ke dharkan 😂😂.
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