This right here. I’ve been very skeptical on the possibility of Hive hitting the $3 peak again because of this. I feel we won’t see a buying pressure like the one that was fueled by people migrating from Steem to Hive during the fork. Essentially, we might not hit that $3 mark again. Not in this bull market anyways. I am 100% positive we definitely will do over $1 though, because I believe Hive is genuinely current undervalued, because like you mentioned, there’s been a lot of innovation since the 2021 ATH.
It's a collective work, we collectively did it in 2020. Folks we have now don't want to do anything other than just sell off everything they have. Plus, I ended it with saying that it's all speculation. Even steemit that experienced massive selloffs still did relatively well even when we forked from it. Some people choose steem they're selling off all the Hive they were airdropped. Hive should manage to do well, it's always proven doubters wrong. I still expect 3$ though nothing more than but this is certainly doable.
It's just important that people keep at least 50% their stake rather than selling it all off. It helps.
Salute to those building and supporting others and holding their stake at least till the market is matured enough
True. Steem doing well (almost as well as well as Hive if not better) came as a surprise to me. As someone pointed out weeks ago, it’s an innovation-dead zone now, and it’s interesting it’s still holding up the price it is right now. Then again, as the legacy chain and the first of it’s kind, the name is probably what’s keeping it afloat.
As for people selling their stake now, it’s more than likely going to be a period of regret for them when we see the actual bull market. Whatever price we hit, it definitely will be better than what Hive is currently worth now, that’s for sure.
It's hard to see the stake sellers, Hive really don't need that. At least sell but try and keep your stake (power-up hive), and let it be beneficial to others, it's saddening