Bitcoin is crushing Marketcap ATH. ETH, XRP and other alts (including Steem) have double/triple-digit gains. And where is Hive?
The reason I believe Hive is lacking behind, is because much of the work that has been done on Hive after the launch has been on a fundamental/technical level. This work is massively important for the project, but it can't really be used to hype up the price.
On top of that, there are projects that are being worked on, that have not yet seen the light of day. I.e. the new version of 3speak. Or what I've been working on. (Sorry for teasing it for so long, just gonna' take a bit more time)
So right now, I think it's the calm before the storm.
Especially considering that Hive is still one of the most active blockchains, without a central entity backing it or having control over it.
Just look at the tweet below. While Litecoin is at least a coin with a good reputation, there are enough useless coins valued higher than one with actual use-cases. Markets aren't rational.
So when I read negative talk about Hive and why the price isn't moving, I can understand it, but I don't think it makes any sense. Hive has never been in a better spot than right now from a fundamental perspective. It's just gonna' take a bit longer until we can reap what we sow this year when Hive was born.
Now, the only thing that I am a bit concerned about, is the still existing "pre-mine" in form of the DHF.
I think we should keep some of it for the near future, to bootstrap our independence on Hive. For example to pay for/support core-development or for fundamental open-source tech (Ecency, Peakd, APIs etc.) But once we've gained stability in price, I think we should burn the rest/part of it. Otherwise, we're just Steemit Inc. in sheep clothes, and it looks like we just created Hive to get "their stake", which is furthest from the truth as one can get IMO.
What's your opinion on this? Let me know in the comments below.
Anyway, let's keep the energy up and stay positive! 2021 is going to be great!