Source: https://coinmarketcap.com/currencies/hive-blockchain/
After a couple months of being valued at $0.40+ USD the HIVE Token has dipped below that $0.40 line and now (03/10/2023) hovering around the 33 cent mark. Is this an opportunity to fill our bags before another eventual spike upwards? Are we about to test the 30 cent line and possibly dip below it? I'm not certain, I feel as either is possible. Hedge your investments accordingly and be ready for either scenario to play out. Luckily for us on the HIVE Blockchain we have multiple ways to hold our currencies. One such way is HBD (Hive Back Dollars). If one thinks further dips are incoming it might be a wise move to trade your liquid HIVE for HBD. From there you have multiple options such as holding/trading back or staking for 20% ROI. We also have second lawyer tokens such as LEO in which we could trade our HIVE for. If that wasn't enough we also have all the gamer assets from such games as Splinterlands, PsyberX and CryptoShots to consider.
What are RentMoney's Plans?
I have some HBD stored that I traded HIVE for at the $0.41 USD price point. Its starting to get tempting to trade those Hive Backed Dollars (HBD) back to HIVE (Which I just might do before days end). For now I'll be keeping a close eye on HIVE's USD value. Its also getting very tempting to sell some of my gamer assets. Not because of those assets USD value but because of their HIVE value. Currently Chaos Legion Booster Packs are selling for between 6-7 HIVE tokens. If one thinks the HIVE Tokens USD value will increase before CL Packs USD value does it might be a good idea to sell now. On the flip side of that if the current HIVE price holds or dips further while Chaos Legion Boosters increase in USD; lots of gains will be in store for those who took the risk of holding packs. I suspect the cost of Chaos Legion Booster Packs on secondary markets to continue to rise as the Splinterlands company gets closer to selling out their supply(just three days supply, at max, remain). The fact that Chaos Legion Packs on secondary markets have been holding their USD value makes them a decent asset to park ones HIVE. So as I'm sure you already knew and as pointed out here in this post; there are plenty of options for those on the HIVE Blockchain and it will be no easy feat picking the correct (most lucrative) one.
Trade Hive Assets
On Secondary Markets
- LeoDex (https://leodex.io)
- Hive-Engine (https://hive-engine.com)
- Tribal Dex (https://tribaldex.com/)
- Many Others
Chaos Legion Rich List
- Source: LeoDex (https://leodex.io/richlist/CHAOS)
Leo Token Rich List
- Source: LeoDex (https://leodex.io/richlist/LEO)
What Is HIVE?
Hive (HIVE) is a blockchain running on a delegated proof-of-stake (DPoS) consensus mechanism. It launched in March 2020 as a hard fork of the centralized Steem blockchain and as a gateway from Web 2.0 to Web 3.0. The blockchain claims to offer “lightning-fast processing times and fee-less transactions.” Examples of use cases include social media with monetized rewards for content creators, interactive blockchain games, identity management, micro-loans and more. The platform powers decentralized applications (dApps) like Splinterlands, PeakD and HiveBlog.
Hive is a social network of apps and services, where users discover the capacity of blockchain technology, connect to the platform and securely share content through equitable redistribution of value. Thus, the users are the proprietors of the network, and sponsors can contact communities and artists directly without intermediaries. Source: https://coinmarketcap.com/currencies/hive-blockchain/
