Hive has been keeping high and stable for a long time now, and I am really glad to see that. I would not call it a sudden spike. But ya, this little spike over the last week must be due to the HIVE Fest.
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I do say that I don't know the reason why hive have not reach $2 with all its potential capability and blocktivity(blockchain activities).
It's one of the fastest network and a web3(the dream of many other crypto).
it is accomplished many things of crypto project agreement but its market cap is not even up to a billion dollars.
Hive should have by now surpass $10
One of the things that is hindering hive is it's low popularity.
A better and best potential cryptocurrency with low popularity about it. Having a gaming, social media and other community of over 126 under its blockchain it's enough for it to reach a $1 billion market capacity.
I wrote a post weeks back
WHY HIVE MARKET CAPACITY IS NOT YET UP TO A $BILLION STILL A MYSTERY
And give me a reason why it's so
I would like to suggest it as a #topic here in#pobstreet
Why hive market cap is not upto a $1billion dollars despite it's potential