All cryptos are tanking. With bitcoin being at almost half of what it used to be, other alternatives are dropping even harder than the crypto poster boy BTC itself. But somehow HIVE is seemingly steadily going sideways. It even went a bit up as I'm writing this post. What does that mean? Does Hive have something that other currencies don't? Of course it does. Well, beside its incredible use case value. The fact that people can't depower and panic sell immediately in erratic emotion probably helps with easing the downfall. Other than that Hive is not just something people put their money in to take out and jump ship whenever shit hits the fan. No, people are actually using Hive and its ecosystem, to engage, to interact with others, to share, to learn, to play games, and to simply be social beings. Internationally as well.
Will HIVE go down eventually? I don't know. It might. And if it does I'm ready to buy more. One thing's for sure. HIVE is putting up much more resistance to bearish market moves compared to its colleagues in the crypto space. And people using it for a purpose other than just a trading commodity is an important factor in all of this. Or at least that's my conclusion. So, do not worry about the price of HIVE. As long as the witness nodes are up and running and our blockchain is active, we have nothing to worry about. Decentralized social media isn't going anywhere. :)
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It is really an interesting time. I was expecting the price to have touched 20 cents by now.
That's not even an unreasonable expectation, but HIVE has surprised us. :)