Almost every cryptocurrency took a hit in its price in the latest did! At a point even BTC price stumbled below 50k. I suppose it was those moments which drastically changed the course of many traders, hodlers POV. If I am being honest, even I was sort of thinking what should I do? As it was happening in front of me. But like it is said, when you are in this market for some time, you tend to think in a different way. These dips are blessings IMO. Which is why after going through few scenarios around the world, I took a bet and jumped in on some trades. It played out perfectly as I thought it would.
As of now, HIVE is trading below 20 cents. It is quite a dump in price compared to the price which we saw few weeks back. Even if we consider HIVE at 50 cents, this current price is more than a reduction of 50% in its price. Making it quite a lucrative deal for HIVE believers.
I do believe, once the market turns its way around, almost all the coins which are fundamentally strong, they will grow to its former glory. Which does includes HIVE as well. Giving HIVE as one of the most crucial coin to hold in the portfolio. Not to forget there has been multiple attempts in the past, where we saw how HIVE can pump if any of the syndicate just catches it at the right point, where the syndicate/Koreans can take the price to its higher highs.
HIVE INTERNAL MARKET
This is the place HIVE internal Market, where you are able to swap HBD to HIVE and vice versa. As you may notice the price of HIVE has been slowly gaining momentum in the 1 hour chart. The clear reflection of the price of BTC manipulation. If BTC rises, altcoins follows them and if it goes down, so does the altcoins. Coins with good fundamentals will outperform the ones which does not seems to have any strong foundations, examples new meme coins and such.
I have been using the opportunity of HIVE price and slowly converting my HBD into HIVE using the internal market for the last couple of days. Although, the sheer number of conversions are in small amounts but my HIVE stack seems to be growing everyday!
Even though the trading amounts are significantly low but the accumulation of HIVE has been going pretty smooth for HIVE users. According to the data you may witness HBD has been traded for an amount of over 40k. In addition 24 hour HIVE volume has been over 210k.
Nevertheless, I am trying to bag as many HIVE as possible and would considering doing so until it gets to a price where I find it not purchasable. Although, I myself am looking for that particular price. As in the current state of HIVE, I believe it could do some nice movements once the market gets to see some positive vibe. So are you buying HIVE or converting your HBD to get hands on HIVE?
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Best regards
Rehan
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