Most people look at the price of Hive in USD, I mainly look at it in terms of BTC, so the number of satoshi 1 Hive is worth interests me way more, than the value in USD. That is because I am a strong believer of BTC, and I believe the last months were only the beginning of a huge upward trend of Bitcoin, heading for 50 000,00 EUR in 2021. But enough about BTC. Let's talk about Hive.
Hive has been dropping steadily in BTC value the last half year, due to the rise of BTC. Almost all altcoins have had that same trend. But since two weeks, that trend has been reversing. Even when BTC was testing its All Time High, the value of Hive in BTC rose. From a bottom of 634 satoshi on November 18th, it went back up slowly but steadily, and even hit above 800 satoshi again last night. Of course this isn't where we want to be yet, by far. But it is good news, and it is for me a sign that Hive has bottomed out. The only way is up from now on. No matter what Bitcoin does, I believe Hive will thrive once again, and maybe we can even hit 1100 satoshi again before the end of the year, that would mean above 0.20 USD for the people that rather look at it in those terms.
I wish you all a good Thursday night, and good profits!
Sincerely,
Pele23
