What would it take for Hive to go trending in crypto space? Like Steem did in the end of 2017 when it broke into top 10 largest marketcaps.
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What would it take for Hive to go trending in crypto space? Like Steem did in the end of 2017 when it broke into top 10 largest marketcaps.
Honestly, that's a really bad example. Steem at the time was so concentrated in a few early miners, with Steemit naturally owning the most of the stake. On top of it power downs lasted 2 years only giving people a small % of liquid Steem per week, so it really didn't take a lot of volume to get the avalanche going of an early market at the time to get to top spots.
It's a bit similar like some people only compare the all time highs and emphasize on "look how much it has dropped!!!", it's just bad examples and bars to set to compare to.
I think a good goal for Hive would be to start with top100, then possibly 50 and grow from there, hopefully more naturally and less volatile.
I believe one of the biggest barriers at the moment is account creation, we need a universal "web2" way for people who get here to instantly be able to use Hive and possibly earn it while thinking about claiming rewards and a Hive account at a later time. Probably a framework where custodians take care of your usage of Hive (temporary accounts, RC, etc) and also pending rewards to send your way once you decide to claim/buy a real Hive account. Then having all front-ends and dapps make use of it would go a long way towards retention and bouncebacks.