Sometimes it is good to zoom out and see the entire picture and doing this looking at HIVE things are not so terrible. HIVE is ranked at 323 by market cap and comparing HIVE to those other cryptos in the 300-400 ranking HIVE is one of the few that are in a positive percentage for the last 12 months.
For some reason HIVE has always been slow when it comes to price and tends to be a late bloomer in the crypto cycle. No one knows what each crypto will do in each cycle and all we can do is keep our heads down and grow our bags. HIVE going up in value now is a bonus that may set us ahead of the upward curve later in this cycle.
When I compare HIVE to COTI which is my main investment this cycle who have had tons of announcements and have so much development taking place COTI is still in the red by nearly 41% for the last 12 months. Not much makes sense in crypto because you would think with all the work they have done COTI should be flying and that is not the case yet.
If you were an outsider looking into crypto this week you would wonder what the problem is and that this is so easy. This does not tell the true story as this may be a good week for 90% of crypto so far most of crypto is still down by 25-80%. These types of charts do not tell the true story except that maybe sentiment has changed and we are in for a good time.
Achieving a new all time high each cycle is never guaranteed and all we can do is hope and monitor the charts. Wouldn't it be great if HIVE can continue on with the slow increases each week and actually have a decent starting point for when things start kicking off.
HIVE has not seen any of the pump and dumps we were so accustomed to seeing and we kind of need these to help boost the price and get HIVE back in the spot light. Having a higher starting point could transform HIVE helping it achieve a new ATH later this year.
All we can do is hope and this post is more about a reminder that things are actually looking rather positive and the price is looking quite good. Back on July 20th 2021 HIVE was at 29c so we are not far off that price today and I am not saying we will replicate what happened that year as we do not know, but at least we are in a similar position to do so if this does play out the same way. We know how quickly the markets can turn in either direction and this tends to be the fun time of the cycle especially if you have grown your portfolio as thousands of dollars can be added or removed daily.