The price of Hive has been pretty much stable at around 20 cents. Initially, there was an expectation that the price of Hive would not go below 20 cents but then it broke that expectation mark and the price went below 20 cents. But not too bad the price is staying stable around 18 cents. I remember seeing the price of Hive at around 11 cents some years back and I was there watching it happen. But at the same time, I have also seen the price of Hive reach 3$ too and that's when the value of my profile was huge. I even have a screenshot of my portfolio value which is amazing.
Now again the opportunity is right in front of my eyes. Due to various reasons, there was a huge expectation back then that the price would increase and that happened. At one point when the price of Hive was stable at 1$, there was even an expectation that the price would never go below 1 dollar anymore and even if it happened, it was again a buying opportunity. Today the price is around 20 cents which is good because it is a buying opportunity again. As long as this stays as a cycle and people believe in this cycle, we will be able to make some profits in this cycle.
I'm glad that the last bear market was a learning for me. I did buy some Hive at 17 cents in the previous bear trend a few years back and booked a little profit when the price was around 1 dollar. But there was also an instance where I bought Hive at 90 cents and saw it come down too. Overall it was a good experience and that experience is what gives me confidence right now to purchase Hive at the current price so that we can reap a good profit when the price of Hive improves and goes to above 1 dollars.
Anything is possible in this crypto world and we can see how the prices of BTC, ETH, and BNB have improved in the last few years. The major reason is that many people have invested and believe in the potential of these coins. The same thing can also happen for Hive someday and imagine if Hive becomes big and the value of 1 Hive becomes 10$. Most investors here can retire with a good lump sum of money if their goal is to retire with crypto money.
With the current price of Hive, it is a great opportunity again to purchase and sell later. If we start having more features on Hive with enough marketing, we will be able to attract more investors to Hive. This way people will start investing in Hive and that can improve the price of Hive to a good value. 20% APR was a good selling point for Hive but there was no marketing done for that outside Hive. People inside Hive are already convinced that Hive is good but we have to target the market outside and bring more investors.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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