What's going on with HIVE?

If a Cryptocurrency could be a Schizophrenic then Hive would have to be the obvious one first diagnosed. After years of slowly bleeding out value Hive has shown some signs of life in recent weeks, but as far as price action goes - It is all over the place. While I am a student of Technical Analysis on charts, I know that when it comes to Hive it makes no sense to even try because normal rules just don't apply. Check out the chart for the last month below :-

It's basically doubled from about 20 cents to over 40, then halved...and now, as of a couple hours ago, it's pumping again. By the time I finish writing this post who knows where it'll be. It's just as likely to crash back to 20 cents, or break through to make a new cycle high above 45 cents. Roll the dice, spin the wheel...where it stops nobody knows...

This volatile price action is in the context of a little bit of volatility in Bitcoin and the other big "Blue Chip" cryptos, but it's a bit like Hive is so far on the periphery that it's being thrown around like a rag doll with every swing. It's very hard to know what to make of it all, but other than just holding on for the wild ride, what CAN we know for sure?

For me, I know that at least for this cycle, Hive is "In the mix". We are seeing some significant price action which I think is positive. It's important for Hive to be in the conversation and you have to be optimistic that the bulls will defeat the bears in a broader crypto bull market. Thus, based on the price volatility we've seen so far that means we have significant potential upside here at Hive.

As a trader and investor (and punter) I am always on the lookout for Asymmetric Risk Reward opportunities and this looks like a really good one to me. Of course, everyone needs to do their own research, but I'm happy to be HODLing Hive as we inch closer to 2025...