image from coingecko
I'm seeing a lot of $HIVE posts on twitter/X lately. This is due to the massive pump which reached to as much as 66 cents (65% gain) yesterday. While it has dipped back to around 55 cents some are still wondering what has caused the price to soar? Previously, such pumps were attributed to Koreans trading Hive but such moves are short term.
This time, the rally is sustained as Hive is one of the top traded cryptocurrencies yesterday. The reason could be Hive's listing in Binance futures or because of the high APR of staking Hive on Binance.
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Whatever the case, it seems the pump is real and a lot of hodlers are celebrating.
What Can You Do in the Hive Blockchain?
So you saw Hive is a trending token and you're wondering is it a meme token? What is it for?
1. Blogging/Microblogging
Hive is social media on the blockchain. Think of it as facebook or twitter but you are already qualified to monetize your content upon signing up. You can write blog posts about your interests.
You will get 50% of the rewards in Hive and HBD tokens.
You can also post your thoughts, news, photos or share memes in microblogs like Snaps and InLeo.
| Snaps | InLeo |
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It's also important to engage with other users and build your network. You can also earn rewards for commenting on threads, snaps or posts, like my comment below.
2. Play to Earn Games
I joined the Hive blockchain four years ago because of the play to earn game, Splinterlands. It's a fun game that I still play today where I earn SPS tokens. Later, I found more games like Rising Star and there are new games in development like HoloZing.
3. Investing in Hive-Engine Tokens
You can also invest or trade other tokens in hive-engine. There are a lot of great projects in the hive blockchain. Some tokens pay regular dividends just by owning the tokens like @bradleyarrow's BBH or @raymondspeaks BRO. There are also projects that invests in other tokens and pay staking rewards like @thorlock's YOLO and DRIP.
Not only tokens in the Hive blockchain, you can also trade others such as swap.btc, swap.etc, swap.ltc and others.
Another good thing about Hive is transactions within the Hive blockchain are feeless and fast. So if you have not joined Hive yet consider signing up via InLeo using my referral. It's another way to earn rewards in Hive.