The HIVE price is up around 50% in the past 24h. Each one of those huge green candles has around 15 to 20 million HIVE in volume. I wouldn't dare trying to predict the future so I will limit myself to saying that at around 50 million market cap HIVE feels heavily undervalued. I will limit myself to that because nobody knows if anything will go up, down or in circles. An overpriced coin can go up and an underpriced coin can go down.
But it is exciting to imagine the possibility of a bull market returning to Hive and its ecosystems. The timing was great, just after Hive Open Days, which could or not have been a coincidence.
With a higher price comes healthier funding for Hive projects. If we are to keep going up I hope we do not forget the lessons learned in such a long and strenuous bear market. Devs and the DHF need to be responsible with financing and need to think of income streams beyond the DHF.
I hope I am not annoying for touching in such a subject in such a happy day of amazing gains for HIVE, but our ecosystems are too reliant on the DHF. We have projects that have been running for years and still have no income source beyond the DHF and no matter how much I love your project, if your only income is the DHF then you are developing a paid application and the price is the dumping you have to do to finance servers, devs, promotion and whatever else your expenses are. A project financed by the DHF is paid by everyone regardless if they use and like the application of not and that is unfair and that is why projects need income streams beyond the DHF.
Anyways, the 50% price increase is a welcome surprise. Specially after I have just recently powered up. Hope it keeps the momentum!
You should say you had seen it coming, and that's why you powered up during the event ;)
Literally me by the way:
:)
Hi ya, @igormuba! 👋 We noticed the bump up in HIVE coinciding with the same with BTC. HUZZAH!!
We hope to get to see you soon at a @creativeworkhour hangout>hive work sesh!
Lovely to meet you in Alicante!!
Daily at 11am ET, correct? Won't be joining today as I have some catching up to do at my job but I will be there the soonest I can
You've been curated by @plantpoweronhive! Delegations welcome!
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