I still have high hopes that things will start to take shape in the market. I no longer harbour lofty dreams of face melting proportions but still hopeful.
I've been slowly piling up Hive in the past few months and I intend to continue doing so for the foreseeable future. The only thing that could make me slow down is if Hive gets on a bike and starts riding towards the $1 mark.
Much like most other assets at the lower end of the market cap ladder, Hive isn't doing so well right now. In the past, we use to get flash pumps from our friends in Korea but that seems to have dried out in recent times.
Hive fest is going on right now and there might be conversations about new projects coming along. Hopefully, this could translate to some pump in the value of Hive.
There are also plans to focus on marketing and growing the user base of the platform. Long term, I believe that will have a positive impact on the price of the asset.
I believe that moving forward, we might need to employ tested approaches to growing as a company while still running as a decentralized community. Stake based voting has largely been beneficial for decentralization but it also leads to a distinct reduction in the speed of decisionmaking.
Overall, we need to find a way to speed up processes while also not compromising on our values and fundamentals. We need to retain decentralization while hastening decisionmaking, startup and onboarding processes.
The place of pump and dumps in the crypto market tend to give an impression that we're slow but if you look beyond the numbers, you'll find that we're a young startup cutting out teeth against giants funded by billionaires. It takes time and we just have to keep on improving.
