As is now customary to see every few weeks or so, the price of Hive has exploded and has gone up around 20%.
Boom:
Now I know that we can all say the generic "I'm not here for the money" or "there is more than just money to be made on Hive", and though that may be true... Nobody has ever said they don't like the money.
When finding ways to bring my friends to Hive, I found that the easiest way to convince the average prospective user was to tell them how they could earn money by engaging with and writing blog posts. It is simple, yet revolutionary for us to be paid for our time interacting with the things that we enjoy. With Hive holding steady above $1, it becomes an even more convincing platform to join.
It feels psychological in a way because it was just as promising to me at a price of 25 cents/Hive, but to see the $1 mark for any token is a huge mental barrier that no longer holds people back. I think that Hive has the potential to hold this price level as it seems we have been raising the floor value on a regular basis for the last year now.
To be able to tell someone "hey, I just got a $20 like on a post" is an enormously convincing statement to get them involved. I think that we have the future of social media and blogging here and it seems that the markets are starting to agree with that view...
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