Hey buddy :) Oh yeah, this beautiful rise in the Hive price... Well, I have seen everything from 2 bucks to $100 per 1 Hive (I mean predictions) but it´s really hard to guess. One thing is sure though, there is so much great stuff happening in the background of our chain right now, so many talented people working on so many exciting projects. So yeah, I am optimistic about Hive for sure but it will also depend on the overall dynamics of the market. Some say this bullrun will end after the Christmas or in January, some say the bullrun might last for another whole year or even more... Hard to make any conclusions from the past (graphs, cycles etc.) because the level of the crypto adoption is much different (greater) than in 2017 when the last bullrun took place. So I don´t know but I think we might be heading way beyond those current 2 bucks per Hive ;)
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And we're already there! price was above 3 for a short while. Remember when you and I started out around the same time with nothing. Talk about a success story for the both of us. hahaha Especially if the price goes to the moon.
Going off of what you are saying.....as an investor looking at value. Hive brings more to the table than most of the approximate 135 coins that are ahead in market cap. That being said if Hive moves to rank #50 putting it at a market cap around 4 billion...that's about 4x from where we are today giving Hive a price of about 10 dollars.
So for the price to go to 100 dollars I'm thinking we'd need a 40 billion market cap. That would put hive in the top #10.
Certainly possible, but also much less probable.
Interesting how we have this blast off is soon after Hive fest. I wonder if some big investment decisions were an outcome of that.....
Right. Good points and interesting math here :) Yeah, from what I have heard and read, the latest HiveFest was a huge success so it can be a factor in the current rise as well... Exciting times. Enjoy your weekend buddy!