Just a quick update on HIVE price today. The price action is steadily making a recovery but needs a lot more upside for further continuation.
I want to see it break above 0.1690 as stated in my previous post. As long as BTC continues moving up steadily or ranges sideways we can expect many cryptos including HIVE price to steadily recover from the recent lows.
However, this is something to think about: HIVE price recovered to make a high of 12.6% from its lows vs top hyped up coins in DeFi such as YFI made a 60% recovery from the lows and some 45% for UNI.
Lack of hype around HIVE is clear compared to what we're seeing with many coins in the top 100 today. Hence, small caps including HIVE will take longer to recover. Also, some exchange wallets may still be down.
Overall, i'm not too pleased about the % bounce from the lows. 20-25% would've been fantastic on the first day but this is within my expectation so far. Let's see how it goes from here.
You can read my previous update on HIVE price here
This post is not financial advice.
Based on the current HIVE price and the Bitcoin rally that just started, there is space for growth and heading maybe once again for $0.20.
I am waiting for HF24 to take place and see what will be next on the HIVE roadmap and some measures to keep and support the price.
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$0.20 would be great for starters! $0.30-$0.40 would be a great range to hold for a while. If only wishes came true so easily in speculative markets...
ETH 2.0. Taking the "D" out of Delegated Proof of Stake.
Dan's DPoS experiment is poised to move on, in my opinion, leaving HIVE as an AOL of PoS; memorial but irrelevant.
Unfortunately, kinda feels that way looking at where things are after all this time!
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after the recent HF some exchange wallets may still be down.I've been repeatedly told that the upcoming HF (in Hive at least) has been postponed until the 14th.
Are you referring to some other HF @firepower?
I miswrote and accidentally added what I was speaking with a friend into my post. It was only meant to say exchange wallets are down.
I noticed that ionomy showed Hive at $0.14 first thing this morning, but now it is up 1¢ to $0.15 (or it was a few moments ago)
Thanks for clarifying