Today I checked the price of HIVE. After the recent pump, it tested the $0.062 level, but after rejection it came back down. Now volume is increasing and the price of HIVE is becoming more solid.
Even though Bitcoin’s price is going down, HIVE is slowly in an uptrend. This is positive news.. volume increasing and price becoming stable. We saw that the price of #HIVE moved sharply and made a low of $0.045, after which a good recovery came.
Yesterday I powered up 45K HIVE and saw the first pump. I was thinking to keep some liquid hive so I could fully take advantage of such pumpsm but my strategy was long term and I thought the price would not pump so quickly right now.
That’s why I planned total staking and yesterday I did a big power up in my account. My HIVE friends, these ups and downs are part of the market and especially with HIVE this is more common.
In my view, if you focus on staying in the market and taking advantage of price ups and downs, you may get some profit, but you might miss bigger long-term gains.
Because maybe HIVE pumps and you take 20% profit, but you could miss a 5x move. The market is now moving toward a recovery phase. Bitcoin has already dumped almost 1x time, and now we don’t know how low it can go.
We will soon see an altcoin season, and this time it may last for a long period. In that situation, HIVE will also try to show price growth. In my view, in this bull run #HIVE can easily cross $0.5, and that would be a good time for profit taking.
My strategy right now is stake and earn. Whatever I earn, I keep staking it and increase my holding. Because in a bearish market, this is the best time to increase holdings.
Keep these three words in mind: Earn, Stake, and Repeat. If you understand this process, you will grow your holdings, which is not only a source of passive income but also a great chance for long-term wealth growth.
So my friends, don’t worry about HIVE price lows. Surely whales and DHF witnesses are also thinking about strengthening the ecosystem. They also want to make the ecosystem stronger, just like we saw a good revolution in 2021 in the form of #Splinterlands.
Any upgrade or development can increase people’s interest in the ecosystem, and that will positively affect the price. So this is the time to increase staking. The harvesting opportunity will also come.
Who all took advantage of today’s 24% pump?
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.
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