Daily charts compared
Quite the same isn鈥榯 it? If we look at the last few weeks on the daily chart we see that HIVE and BTC both rose in line. HIVE +80% while BTC is up +40%. If that continues it would be a good sign imo since it is giving HIVE a 2x leverage onto the BTC price development. That ratio will even expand I think once the next wave upwards will run.
Longer term
That picture is completely different if we compare the past year on a weekly chart. HIVE is rather flat while BTC is up +350%!
While a high Bitcoin dominance in the first part of a cryoto bullmarket is rather normal it also shows how much HIVE is lagging behind and why I think HIVE will probably outperform BTC within the next 6-12 months.
My target for HIVE is still a $1-2 per coin and I won鈥榯 sell anything below that threshold.