Finding logic is something you can rarely see in crypto markets, all sorts of tokens have insane values without utility, community and a great story like Hive has, many of those coins have ridiculously higher market cap so in these markets it's a rare occurrence to see something logical, something that should of been a norm. Of course I'm talking about Hive leaving Steem in the dust behind, something that should of happen from day 1 since Hive fork happened one year ago but it "only" took a year for that to happen.
Objectively it's not very important in terms of price if we're above Steem but for me personally it is very important. Yes their "dollar pegged" SBD is 7.5$, but who needs such a broken tool. HBD is doing much better in terms of peg preservation, it's not perfect but at least it holds with the help of HBD stabilizer proposal, very important proposal for the overall health of Hive, imo HBD should of been dead by now but I can tolerate it as long as it holds it's peg price area.
Winning most innovative crypto project award certainly helped.
"Hive was founded by a diverse group of community members, developers and investors. Contributors to Hive come from every part of the world, every walk of life, and are united by a shared common vision and love of decentralized blockchain technology and innovation. Hive is not based in any specific jurisdiction and is truly a global project."
Staying in and being a part of decentralized movement since it all started and seeing Hive on ridiculously undervalued area for so long certainly hurt, but there is no better feeling when you held strong during those times and seeing the fruits of those decentralized convictions we all have on Hive getting noticed by the markets. No corporate overlords, no borders, I couldn't care less where you're from, on Hive we are all just a small part of something greater. We are still heavily connected with BTC however and BTC will be our main drive going forward, it will be our main stopping power too if it decides to go for a heavy correction.
Where we go from here will be interesting to see. Again there is no better place to be, so my personal answer for the question in the title is that defintely something greater awaits Hive.
With this massive price increase, we can possibly see major upside moves in the future :)
It proves that there is potential for much higher prices!
Let‘s see what the future has to offer!
Larger price equals more people interested and that equals more activity. More activity more price increase, it's how it is with crypto.
I must admit that I don't feel completely comfortable when the price of HIVE goes up so spectacularly. I'm still reminded how HIVE went the similar way a year ago and how it spectacularly went down afterwards. While the celebratory mood seems appropriate and there is good case to be made for continuous upward trajectory, being mentally and financially prepared for HIVE again at lower levels for long period is common sense.
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Back then it was a bear market, during bull markets things change drastically. It only took 1month to reach 1$, imagine if btc bull continues through out of 2021, price point will be unimaginable from now. If just a few more times volume of trading reaches 1bill$, 5$ for one hive is completely probable. Of course if btc goes down everything else goes down.
Agreed. Regardless how good fundamentals are, how hard developers work, how community may develop and how superior HIVE may be compared with other altcoins, it is still at Bitcoin's mercy.
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We soon see what going to happen, but I feel we not stop on 1 $ just, lets try get it more up so we can fix lot things .
Time will tell.
My lay and honest opinion is that this is the product of multiple things. It surely isn't a movement of only one side or person. Set of circumstances led to this point where we have decent price in matter what it was not so long ago. What I think will happen in the next few weeks: The price will stay or will go up, no third solution if you ask me, especially cause it's 1st in the month in few days where a lot of people (including me) will buy hive and power up. Also recently, quite nice project surfaced - hbd stabilizer which I think will stabilize it well.
The overall Hive community is doing really good job - and with the decentralization we've got it sounds trustworthy and potential.
Ugodan dan stari, nadam se da ce ovako ostati i ici samo na bolje! Jos uz to sve sam totalno nabrijan, cekam cetvrtak za svoj prvi power up 😎
Ovo ce biti dobra godina.
Inace bi napisao "nadam se", ali definitvno ce biti.
Za mene vec je, al ja sam stara garda :)
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