Yes I would say that all that is happening across the entire ecosystem is a reflection upon Hive and would make it into the price. That said, markets can be amiss. That is why there are many who believe HIVE is under priced.
I look at the blockchain like real estate. We have a piece of land and there is a lot being built upon it. If there development creates a "city" such as NY or Tokyo, then it will be very valuable. If, on the other hand, we have the virtual equivalent of Beaumont, TX, then the price will probably reflect that.
To go one step further in the thinking, if we look at each of these "communities" as economies, contained in a bigger economy called "Hive", and parallel that to the United States, we see a similar result. Thus, if one of the applications generates an economy similar to NYC, while a bunch others are akin to Beumont, then all of that feeds into the overall "national" economy.
Thus, the more successful the individual projects are, the overall benefit for Hive. The only question is then when does the market pick up on it and price the currency accordingly?
Time will tell on that as the ecosystem expands and grows.
Markets tend to do their own things.
Yes I would say that all that is happening across the entire ecosystem is a reflection upon Hive and would make it into the price. That said, markets can be amiss. That is why there are many who believe HIVE is under priced.
I look at the blockchain like real estate. We have a piece of land and there is a lot being built upon it. If there development creates a "city" such as NY or Tokyo, then it will be very valuable. If, on the other hand, we have the virtual equivalent of Beaumont, TX, then the price will probably reflect that.
To go one step further in the thinking, if we look at each of these "communities" as economies, contained in a bigger economy called "Hive", and parallel that to the United States, we see a similar result. Thus, if one of the applications generates an economy similar to NYC, while a bunch others are akin to Beumont, then all of that feeds into the overall "national" economy.
Thus, the more successful the individual projects are, the overall benefit for Hive. The only question is then when does the market pick up on it and price the currency accordingly?
Time will tell on that as the ecosystem expands and grows.
Posted Using LeoFinance
Well put!