We’re sitting at $0.14 now. A few hours ago, we dipped all the way to $0.07 — possibly a record low. There were enough buy orders to make it almost immediately bounce back, but we’re still hovering low. That’s the kind of volatility that makes your stomach sink, even if you’ve been around Hive long enough to have seen worse.
The chart looks ugly, but it’s not the first time Hive has faced something like this. We’ve seen similar plunges before. Remember the post-Hard Fork chaos when HIVE and STEEM were untangling? Or the big drop in 2022 when Bitcoin cratered under $20k? Each time, Hive somehow survived. But each time also leaves the community a little more bruised, a little more cynical, and a little more determined.
We have two choices here: we can be all doom-and-gloom or we can be optimistic. Let’s choose the latter.
If you zoom out far enough, Hive’s story isn’t a straight line down or up: it’s a heartbeat. The pulse of a living project. When confidence rises, the price follows. When faith slips, we flatline for a while. But every single recovery so far has come not from outside investors, but from within, from people who keep building, posting, developing, and sticking around even when it feels hopeless.
That’s what keeps Hive alive. There’s no central company holding it up, no billionaire buying the dip. Just us. That’s both our strength and our weakness.
It’s tempting to think in pure numbers: if it hit seven cents, maybe it could hit five, or three, or one. But I think what’s happening now isn’t just a market correction: it’s a confidence test. It’s also Trump market manipulation, with his China attack, but that’s neither here nor there. Hive Engine activity has slowed. Token prices have followed. Engagement is still decent, but less money moving around means fewer reasons for casual investors to stay. The builders are still here, but the tourists have gone home. And yea, there is the DHF giving away money a little too freely and all the projects almost immediately selling what they are given, putting incredible sellside pressure on HIVE.
Yet.. that’s usually when the real growth starts again. When the noise quiets down, the people who actually believe in the system get back to work. When HIVE was last at these levels, it eventually climbed to over $3. That was during the crypto mania of 2021, true, but it proved that HIVE can move when the wind changes.
The question is: do we still have enough conviction to ride out another winter?
Personally, I think we do. I’m not saying the price will rebound next week or next month. But if you look at what’s happening under the hood — the consistent payouts, the active dev teams, the long-term holders who aren’t selling — it feels less like a collapse and more like a long exhale. Maybe this is the part where the weak hands let go and the real builders dig in.
I told you this was the optimistic take :)
Still, it’s hard not to feel uneasy. Seeing such a drop in a single day can mess with your head. But that’s also when perspective matters most. HIVE isn’t just a token: it’s an ecosystem, a home for writers, gamers, photographers, and investors who want something more independent than the social networks that sold their souls years ago.
If you’ve been through one of these crashes before, you know what comes next: quiet, rebuilding, and eventually (hopefully) renewed hope. Whether that happens at ten cents or fifty doesn’t change the fact that Hive’s value comes from the people using it, not the price ticker.
Maybe the right question isn’t “How low will Hive fall?” but “How strong will we be when it rises again?”
Who’s with me? I’m still buying!
| David is an American teacher and translator lost in Japan, trying to capture the beauty of this country one photo at a time and searching for the perfect haiku. He blogs here and at laspina.org. Write him on Bluesky. |
