Hive-Engine Needs a Revival! Can Communities Bring Their Tokens Back to Life?
About a year ago I used to visit the #Hive-Engine website more often. I used to make transactions with different tokens there and trade them. I also used to sell the free token rewards I received. Sometimes we also got opportunities to buy tokens of new projects and stake them.
However, for the last few months or you could say the past year I have been exploring Hive Engine very rarely. Whenever I visit it and check my wallet I find only a few cents worth of tokens.
I remember that in the past when we use different tags in the content we get different tokens as a reward. But things are not the same anymore. Now there are hardly any good earnings from any token. I don't know whether this is because of the failure of these projects, the falling price of Hive or because project owners can no longer afford to offer such token rewards.
You may have also noticed that there was a time when you could open Hive-Engine and find good amounts of tokens with a decent number of staked tokens. But now if you look at Hive Engine, the available tokens are almost nothing and the trading volume is also continuously decreasing.
This means people are no longer interested in these tokens because the price of Hive is very low or any other reason. Of course everything has its own season and everything looks good in its own time. Now, because the price of Hive is so low the value of other Hive tokens is almost nothing and people have lost interest in them.
Everyone is only looking at Hive now, only hoping that it will show some good performance so we can recover some of our losses.
But the current market situation is such that Hive's price is still expected to remain low and we can see that Hive is once again moving around the 4-cent level.
I consider HiveEngine one of the best projects in the Hive ecosystem. Features like token transactions, swaps and leases are very important for the growth of this ecosystem.
So, all the communities should try to bring their tokens back to life. They should continue offering tokens and the staking rewards they used to offer after launching their projects. This will give Hive users multiple investment options.
Maybe the price of Hive will increase and these tokens will become active again. But right now I cannot see any token that we can benefit from or stake to earn good APR.
Today, by chance I got an opportunity to open Hive Engine. I thought I should check my wallet and see how many tokens I have.
Believe me, after a very long time, when I explored my wallet I found that I had only around $0.75 worth of different tokens available. This is almost nothing. However I remember that a few years ago I used to collect this much in just one day.
I would also like to hear your opinions and suggestions about why Hive tokens are continuously losing their value and disappearing from the ecosystem.
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.
PICTURES DETAIL
| IMAGE SOURCE | 1 |
|---|---|
| IMAGE SOURCE | 2 |
| EDITING TOOL | CANVA |