I know you see the rise of BTC, ether, etc.. today. So far #hive is not part of the tokens that risen. Even #matic rose a little touching close to the dollar. Since I know the affiliation with #polycub so I am watching. The market is a great reactor of positive news. Hard to know why but liquidity and the right set of emotions can change the market for good.
I think it could be end of the month push for #october. There are other signs that can dictate why #BTC all of sudden mood change. So far #ether has benefited he most from that change since September. If there is one thing crypto does best, it can change everyone to fomo before you know it. Every time you see BTC moving upward, it either helps or hurts other tokens with low liquidity.
I was about to say where is #hive in all of this? #hive is in a different time zone. Apart from the recent HF, it is how #hive behaves when BTC moves. I have to say it is a good thing knowing volatility can change how a token can bring value overnight. Hive tends to act parallel with BTC only when it makes sense. So far #Binance still not ready for Hive transfers. This could play with how many need to proceed.
Gladly we have other ways to access Hive transfers like layer-2 platforms. #Leofinance is one that enables transfer directly from Hive or HBD to #BSC. So there was a will before hand, there is a way if you want to do so. Even the traditional market companies that have something to do with crypto are doing better. #Coinbase, #marathon and #Microstrategy and many more, rise while crypto marketcap touches a trillion again.
The environment of crypto lately is between a seesaw. Hard to contemplate the situation worldwide, in the US I can say it is going through how the controlling party reacts to something new. In fact crypto is a liberation for every holder. I think it should be understand as such.
I am not pessimist as where crypto will be headed with regulation in mind. As long holders are in control I can rest assured a token like #Hive will be plausible for the foreseeable future.
While the price is still stable, Hive is promoting itself fairly. Seeing #hive running toward the dollar is not stable. It is good and value will knock everyone forward. It will slow the growth for entry. I may say deep pockets may come over, changing the way we see the blockchain. I do not think #hive is there yet. Do not count on it cause time and effect always come when the market asks for it. Humbly I am continuing to hold and if possible purchase more.
While #hive is having a fair 2022, hard to discern what 2023 will bring.
I 'll say it will be positive.