Yes, the chart is not very encouraging...more than 90% lost so far in BEAR MARKET and some very ugly wicks every time the price tries to break the EMA-200 upwards, denoting HUGE selling pressure.
But if we look a little more at other cryptocurrencies we will see that the bear market has all broken in the same or worse way.
However, it still surprises me to read people who are looking for old glories in the market so that they can repeat what they did in the past...LINK, DOT, XRP... all these tokens could repeat history again, of course, but, why not HIVE too?
Those of us who have remained active daily and have not completely disappeared from the map know that the story will repeat itself...perhaps some projects will not reach past ATHs, others will, but without a doubt, once the bears disappear, it will be quite easy make a 5 times fold...or maybe 11 (in the case of HIVE).
So? Why not desperately accumulate HIVE if we are users of, perhaps, the only blockchain with the best specific use-case, decentralization and expansion potential?... It is something that still intrigues me, to be honest.
It is clear that most of us like to gamble, but that does not take away what is obvious.
The POLKADOT "tribe", for example, still thinks that, sooner or later, it will return to its ATH in a bull market...POLKADOT has fallen even more than HIVE in percentage...the same thing happens to LINK, let alone XRP .
Let's be serious dears, there is no reason to consider POLKADOT or any old glory to invest in them more than HIVE.
Look at it however you want, this is how it is, and if we trust in this project all the other shit should stay aside...except BITCOIN and a few others (IMO)
We should all be accumulating HIVE POWER now and not later, but hey, I guess there are people who never learn (LoL).
Posted Using LeoFinance Alpha
Am accumulating Hive!
True words, Eddie. Apart from BTC and ETH almost no other coin has proven it can reach higher ATHs than the ones of last bull market. It will be very exciting to see if Hive can go past the $3.40 which we all hope. But still if it only reaches half way that is a 6x from current levels.
Nevertheless though my guess is we will see $4, maybe even higher. Fingers crossed!
You know, in BULL MARKET everything flies
What’s your bet then for Hive? You believe in a new ATH?
why not...it all depends on how explosive BTC can be
Currently every token is very down with Hive being no exception. It's not like it's just sunk down.
Amen 😎
Have some shit tokens, now i am accumulating as much hive as i could.
Doge
Searching for Elon Musk effect?
That and the chart looks great too. Plus most of the supply is in the hands of a few whales which means the circulating supply is not that big.
I also have a frustration from the past cycle which I want to turn into an achievement.
Thanks for sharing this.
Exactly the way we're seeing a long bear market is what we're seeing this time around, and those who say that when the bull market comes, everything will go much higher, and that's what we want it to be. All things go to their all-time highs once again because people have waited so long.
I agree with accumulating Hive Power. I don't think there is a point in investing in projects that don't have a clear roadmap and development. Investing in shitcoins during a bear market is a bad idea.
#hive #posh