After some bullish signals in the market, we've hit some correction. I believe these sort of corrections are healthy and sometimes needed in the market.
Something interesting about this correction is that the price of Hive has largely remained in the 50 cents region and occasionally touches $0.53 before dropping back.
Unless something monumental happens, I don't think we'll be seeing Hive drop below $0.5 until the end of this bull season.
However, what is certain is that we're clutching on to the curtails of daddy Bitcoin, like everyone else, and I'm undecided if that's a good or bad thing.
Also, it feels nice to look at the price of Hive at the moment and feel bearish. What I mean is, Hive is extremely undervalued and the lack of upward movement has been underwhelming. So looking at hive at $0.5 and feeling bearish feels kinda good.
This run is still far from over and corrections like these are important. The market and all the traders need to catch their breath after all these weeks of hardcore trading.
Speaking of hardcore trading, there's been some hardcore dumping of cub since the halvening. There's going to be utility in the future but as it stands now, there seems to be more dumping pressure than buying.
I've moved a reasonable chunk of my Cubs into the usdt Den. I also sold some other coins on Binance to gather usdt for staking in the den. The usdt den has a higher APR than the cub den, so I went with it.
The future of cub is sustainable and that's all that matters. Giving me the freedom to make money in my sleep without fear of being "ruged" is one of the biggest blessings you can find in crypto these days.
So keep staking, stacking and putting in the work. Everything will make sense eventually.
