Hive is reaching USD$0.04 which would be its lowest closing price against USD. Coming from an All Time High ATH of over USD$3 in 2021 and being mostly over USD$1 between 2021 and 2022.
Hive has been in a downtrend most of the months since then.
This will surely affect the people that post and new users. On the other side it might be an opportunity to start hoarding and buying Hive and HBD, which also has a discount against its USD$1 peg.
Let's see where it goes from here. And also if the general Bitcoin and cryptocurrency market can also correct their downtrend and make Hive follow the trend, and break that long lasting down cycle.
Read next
From @museodelcaos