The elasticity of the Hive

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Greetings partner back with you more in the world of Economics, but this time at the level of the digital ecosystem in the block chain, since I made the following analysis of the elasticity of the hive as cryptocurrencies using Coingecko as an application, where it shows us in real time the movement, the elasticity as cryptocurrencies, also the movement in reference to the volume where it shows us the different price levels, in a single day taken three time samples starting this day Monday, October 19, 2020. The Hive just like Another cryptocurrency has the characteristics which are encrypted data chains that work like money, which in turn can be used as an element of scarcity, which allows them to be used as money in commercial exchanges, this cryptocurrency works through blockchain technology, where Blockchains are records of information (in this case transactions) accessible and collaboratively elaborated, also ien can be exchanged for another cryptocurrency by trading in the active crypto market, the creation of a block consists of closing a package of operations.

20201019_064728.jpg Application used for Coingecko analysis


The value of the Hive in recent days changes constantly, especially when an update is being carried out within its block chain, an elasticity and a large movement of the volume of the same is noticed that its price is unstable, for that matter From the first sample, we observe in the graph a maximum point of $ 0.1565 with a volume of movement of little elasticity reaching a point of 0.1551, where it shows us a fall of this cryptocurrency of - 0.8% from the peak price of 0.1565 $. Cryptocurrencies are considered to operate outside the scope of regulation, their values ​​are those that have a greater negative effect on valuations, with capital block restrictions under this figure, also the movement of their volume of transactions within the block chain.

Screenshot_20201019004958_CoinGecko.jpgGraphic taken at 12:49 am Venezuela time


For the case of the second sample, it shows us another behavior, where the graph allows us to analyze that it had a very elastic volume displacement behavior, having a maximum price of 0.1540 with a significant rise remaining at that moment With a price level of 0.1505 one percentage in favor of 0.7%, it had a behavior where it lowered its maximum peak price level to a very low one until reaching the favorable price of 0.1505.

Screenshot_20201019020739_CoinGecko.jpgGraphic taken at 2:07 am Venezuela time


In the case of the last sample, I made the decision to wait several hours, to see what behavior it had, the fall of its peak price 0.1540 to an unfavorable price level of its value 0.1488 is very evident. Its elasticity was very fluctuating, the graph allows us to see it and they can make their interpretations, what happens at this price level, to users who have accumulated a large amount it remains static and for others it is favorable to buy at this price level at this time, Since its volume of elasticity throughout the day this raises its price level and allows us to have some gains on our investment, let us remember that we must be patient with the Hive due to the behavior it has had these last days, that is why I show you this three sample.

Screenshot_20201019061501_CoinGecko.jpg Graphic taken at 6:15 am Venezuela time


I hope you like it. See you in a next installment.

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The elasticity of the Hive | Ecency