Sometimes it is good to sit back and reflect on where Hive is currently in comparison to the rest of the market. Very few Crypto projects have escaped huge drops in value and Hive has in some ways faired much better then 90% of the market. Cryptobubbles is a good place to visit as it shows you at a glance what is happening without much effort.
Above is the carnage from the last week for the top 100 Cryptocurrencies by market cap rankings. Just at a quick glance the average sized bubble is in the 25-30% range which is quite a large drop. How many of these are projects with a genuine daily use case as I haven't researched many of them, but would guess very few.
Top middle/left for Hive's bubble.
Hive is in the second image as we fall into the top 200 having a ranking of 140 currently. Hive has only dropped by 14.4% in the last week which is telling us we are actually doing ok compared to the rest.
Still up for the year and for the month as we may have to thank our Korean friends for helping push the price up. If you have noticed after every small pump the price has been increasing slowly even if it is only by a few percent. This is helping Hive stay ahead and has helped Hive by gaining a small advantage as where would we be without this? I would stab at a guess and say the mid 45-50c range and that is roughly 20% from where we sit currently.
Look at something like RUNE which is down by over 80% for the last year, KSM 84%, FTM 42% are some examples and Hive is still green for the last year with 5.8%. As a blockchain we are maybe punching above our weight but we are still doing well considering what is happening all around us.
This should make everyone on Hive very bullish for the next few years as we are already ahead of where we should be sitting possibly. This bodes well when the markets turn green as the last years ATH surely has to be a stepping stone to much higher prices.
