Do you know that on #Binance right now the APR for Hive staking is more than 20%? Yes, however, it is not fixed and along with price fluctuations, the APR also goes up or down. Recently, Hive's APR has come down from 40% to 20% and it is totally dependent on volatility.
This APR is very interesting and attractive for Hive holders. In fact, you do not even get this kind of APR within the ecosystem. If you power up and do proper curation then inflation plus curation gives around 11% APR. But Binance Flexible Earn is giving 20% APR.
This APR can be set either by Binance or by the project. Whenever demand increases, the APR also increases and when selling pressure rises or demand decreases, the APR also goes down.
You may have noticed that whenever Hive experiences a price spike, the APR suddenly shoots above 40%. I think this happens from the coin project's side so that more investors keep investing in the coin. The benefit of this is that the price remains stable and increases slowly.
To stake Hive, you must have an account on #Binance. Then you need to go to Simple Earn and stake it in Flexible Earn. Your Hive quantity keeps increasing every hour.
You can also see a calculation in the screenshot where, if I stake 40,000 Hive and the APR remains at 20%, I will receive an additional 8,860 Hive by the end of the year. Of course, the APR is not stable; sometimes it goes up and sometimes it goes down. But if it stays at this level, you can easily earn 8,860 Hive which is an excellent amount.
That was about staking. Now let me tell you another piece of good news about Hive. Previously, Hive Futures volume used to stay around 3 million. But for quite some time now, it has remained above 20 million and during the recent pump it even reached 40 million.
Remember that whenever Futures volume increases, it shows growing interest in that project. This can happen because of Hive games or the launch of another good project. Hive's recent volume is around 20 million, which is very impressive.
Steem's volume is only 3.5 million, while Hive has about seven times more volume, which shows its strong progress. If this volume remains consistent, we may see another good price pump very soon.
At the same time, if the 20% APR on spot holdings continues, investors are likely to stay and enjoy the attractive returns by investing in Hive. The combination of strong spot demand and growing Futures volume could provide powerful support for #Hive.
Waiting for the next Spike 馃槑 Fingers Crossed!
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
TWITTER TELEGRAM HIVE WHATSAPP DISCORD
