Every now and again it is good to step back and see how your investments are doing in comparison to each other. They may be in total different categories with different sized market caps, but the overall crypto sentiment is bullish and a good time to check.
Looking at crypto bubbles tonight to see how HIVE is fairing in comparison to others in the same market cap pool and I struggled to find HIVE's bubble due to how small and insignificant it was. Seeing how many crypto projects have taken off in the last 30 days it is not the end of the world as this cycle has just started.
We have seen in the past how resilient HIVE is when the rest of the market is dropping we are climbing. I thought I would compare it to my other investments which I know very well being COTI and VET just to see any differences.
With COTI who have had a great 30 days it does not tell the entire story. HIVE over the last year has actually performed very well and is up 7.1% whereas COTI even though had a great month is still down by 8.8%. HIVE bearing in mind has done nothing this last month being up only 2.1% and our time to rise is still coming.
COTI has a big launch due this week or next week which will create a stir and could send he price higher depending on who their client using their Private Payment Network is. I would be happy with a $0.08C by the year end and think it is very possible.
VET is kind of doing well and to be honest didn't realise how well until I checked this tonight. 23% for the last month and 44% for the year highlights this project is gaining momentum and will definitely need to invest more into this project. VET is still a steal at these prices especially having done the research and knowing what lies ahead.
HIVE is very different from all the other investments by what it offers with growth on multiple levels besides staking. An investment on HIVE will grow far quicker than the vast majority of other crypto projects so there is no need to panic seeing HIVE having a sluggish start to the bull season.
Nothing has changed in my view and just need to keep continuing with the accumulation as that is what is going to make the difference when it is time to sell. Another year of growing at a similar rate could unlock many more tens of thousands of dollars in value.
The festive season is around the corner so I don't expect much to happen in crypto until the New Year now which possibly allows Hive to benefit from a few Korean pumps. I don't mind them as long as we keep gaining lost ground price wise on the dumps which we could benefit from with a slightly higher price. You get so caught up in things when you suddenly are aware we are only 3 weeks away from 2024 and how quickly this year has flown by.
