What is causing HIVE to trade lower? It has been a resilient coin in this bear cycle. But that status is dwindling. Any reason?
What is causing HIVE to trade lower? It has been a resilient coin in this bear cycle. But that status is dwindling. Any reason?
Everything seems to be tanking. I'm not an expert, but I think it's down to stock market and economic jitters, not just crypto.
HIVE seems to be just following the trend, and not as bad as many other coins !
But relatively it's not the case with BTC or ETH. BTC is still tightly confined within 16k and 17k and during that time HIVE was 33 cents but now down to 27 cent, which is almost 20% down whereas other pairs are relatively stable.
HIVE outperformed in this bear run, when BTC was at 22k it used to trade around 0.45. But ever since it broke the 33 cents support level, it has been a bearish story. A great opportunity though for those who wants to bank upon cheap HIVE and simply HODL.
I feel like BTC has found a bottom, but ALTS is poised to go down, at least for another leg. I may be wrong though. Not financial advice either.
Wonder about that too but perhaps people need money for Christmas😅
There is no reason for people/apps to buy HIVE in order to transact or create accounts for their apps.
While we aren't putting pressure on the network's capabilities -Like we see during bear- price will be nothing more than speculative.
It's not just HIVE. it's all crypto.