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Hive vs Bitcoin
Looking at Bitcoin’s performance of the past weeks and months maybe some of us wonder when Hive will begin to follow. While Bitcoin is up more than +100% from its cyclical low at 15k, Hive has only added +50% with a current price of 36 Cents vs the cyclical low at 24 Cents. That’s a significant underperformance. It doesn’t feel like a rally yet, does it?
Shortterm chart situation
If we look at the weekly chart then we see that the next levels to break through are the 38 Cents and afterwards the 45 Cents resistance zones. That would be a further upside of +20%. We have to rise above that price level, I would even take the magical 50 Cents as a very important zone that we have to conquer before we can think of the really interesting Hive prices.
My guess
Guys, we have to stay patient here. Hive is not Bitcoin, Ethereum or Solana. And although some might say „yeah, we‘re better“, that is not how the big investors or even institutionals think. They are looking a lot at market cap and the Top 20 or Top Top 30 coins. They seem to have proven their significance and have enough liquidity. Hive is way smaller, we are not even within the Top 100 currently with a market cap of $ 180 million. That’s what you would call a small cap within the stock market.
Normally the big coins lead a starting bull market. That’s what we are seeibg right now. After a while investors begin to look at the mid and smaller coins, once sentiment has proven reliably bullish. That will take some time. Maybe 6-12 more months. We will have to wait and see.
Personally I am not sure if we will see a new ATH for Hive, that’s up to the market, although I think it’s probable. But I am pretty sure we will see 1$ Hive and 2$ Hive again until 2025. We just need some patience until then and an upside movement past 50 Cents first.
What is your feeling about the current Hive price performance?
