When i Woke up in the morning the first thing i do is check Hive Price. I dont do this to sell hive. Being info crypto Its just an addiction to check prices of the coins i believe or the ones i hold. The price of a coin or token keeps us aware about different things . One of them is to decide if its right time to buy or not as everyone has targets to buy snd sell.
Especially When you are doing DCA you have to keep yourself updated about the prices in order to maintain your average entry price. Everyone has different reasons to check prices. Some of the users may wants to sell while others may wants to buy. It all is done while observing the prices.
I have heard people saying that if someone is checking prices of a token or coin multiple times in a day then that person has over invested in it. Well in my humble opinion this is partially true. I believe its different for everyone.
Moving forward, i was checking price of Hive on Binance exchange. It is trading at $0.38 which is somehow good if you plan to buy some cheap hive coins. It is stuck here in this range since very long. It Can shoot up from here any time.
Actually i dont want to see hive performing like pump and dump coin. I would prefer slow growth. Organic growth is good for a healthy ecosyatem. I am sure you will be agree on this point.
While some of the altcoins are showing good gains alongwith Bitcoin Many users are complaining about HIVE price not going above $0.4 . For me it is not an issue and i dont complain about the price. What i am started to worry is the decreasing volume of HIVE on exchanges. The volume is very low which can really cause troubles in the future if it remains like this.
Low volume means people are less interested in a coin which is the sign of decreasing popularity of the project or coin. I am not sure where we are lacking. I am not sure what the solution to this but i feels like we should have back ups. Hive should not rely on CEXs.
Hive should have deep liquidity on DEXs where we can trade it without relying on anyone and without any worry. I am not sure if its possible or not as i am not an expert.
Well i am not an expert and also dont have any influence on the network. I am sure that those who understand these things must have been doing something good about this issue.
Hive is helpful for many on this planet and this should nor stop. Its possible only when we continue our struggle to keep the platform active and alive. Long Live Hive.
Thats it for today. Thanks
for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you.
Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
About Author
