Surprisingly Hive is where we all want it to be. Hivers may remember today as a prelude
but it is upon us and about to pass. Yesterday was the intro of what this Monday delivers.
For weeks and months, everyone asks when #hive will make a run just like the other tokens.
We all know a run has a start and a finish line. This one is a reassurance of Hive capacity.
Looking at #hiveblocks we have 402+ million hive total (Hive + HBD)
I wish I can find the ratio on the market
precisely. From time to time this number fluctuates knowing only a portion is going through the exchanges.
Many Hive are being hold in power stage form providing curation and voting for the blockchain.
The staggering number of trade to get Hive at that value may help but will not sustain.
$200 million is a reminiscence of what we are capable of doing. It reminds me of the old chain
Steem where at this time of 2018 it was trading at $4 with a smaller market cap.
Not much change except for #btc beating all expectations, the envy for this blockchain to raise
from he ashes is well alive.
#hive is capable of many things. That could be the reasons the retail traders invest that much time
to pump and dump it. I wish this price stays right there bringing more people to the blockchain.
Higher value brings more posts. Some of the posts need to wait for #projectblanc cause they are not
long enough for what we stand primarily.
Another aspect of this jump in price, it will bring more folks to Hive. That way they can understand
the value attached to Hive power, curation and governance. More rapport is the ability to be part
of second layer community and see the wealth of healthy environment going on. When I mention community
we have community with a token like #pal and the mighty #leofinance. We have community with no token
but huge followers like #gems and #ocd. Together this is what hivers stand for: decentralization through
social media blockchain.
Looking from a distance a rise in the value increase
the payout in dollar term but reduce the amount of #hive
generated for curation. I have to say it looks better when the price is higher.
#projectblanc coming soon will offer the opportunity for those
that want to write twitter-like post to enjoy this blockchain.
I forgot to mention #3speak work in progress to bring another element
to the blockchain. I know many work hard and continue to do so
to get #hive where it is.
#hive market cap should be easily reach $500 million. So it is clearly undervalued.
When we have all those development in place we may not need that much churning to raise
the price. It will grow organically even through second layer.
For the moment enjoy this ride.
