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RE: Crypto Analysis | Hive 10-11 Cents and a Sustainable Rebound

in LeoFinance4 years ago

Now bitcoin is growing in price, and quickly, this lowers the price of other cryptocurrencies. Yes, I want to believe that the hive will grow in price, but there must be prerequisites. It seems I am pessimistic😃. I remember the changes in the price of the steem, then it fell sharply, and then again the price grew rapidly, and so from year to year (2016-2018). So who knows what awaits us, anything is possible.

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Why does it lower the price of other cryptos when btc is growing? While alts have often not pulled up with bitcoin, I would be shocked if they wouldn't rise as well ultimately (maybe I am too optimistic ;) Of course a 40% increase of btc to 20k would only mean a similar price increase for Hive to not even 20 cents.