Hi everyone,
I bet you guessed it, Bitcoin just made some dumps and it looked like it went from mere $60k to $56k as we speak.
This is significant since most coins and especially tokens relies on the pump and dump of Bitcoin.
But is that all there is?
Relying too much on Bitcoin is not really healthy as any ups and downs of Bitcoin will crucially impact on that blockchain itself. Hence, blockchains should move away from the reliance and tries to sustain itself as much as possible. Of course, big whales has big holding on Bitcoin.
How did Hive do?
Something interesting happened to Hive. During the Bitcoin dump, Hive managed to pump or at least resisted and maintained well above $1.
This means a lot as it shows that the resistance might due to the significant impact of the vast development on Hive blockchain. It might proved that projects such as Splinterlands, Leo, Cubdefi, NFT and so much more happening on Hive caused extreme high activities on this blockchain. This is important to showcase to the big whales looking for potential cryptocurrencies or blockchain out there and Hive blockchain is one of that potential.
Hive is where communities meets development
This statement of course is not something new for seasoned users on Hive. In fact, developers and communities work hand in hand to bring Hive into a new height all the time.
Hive is a time bomb is now a statement
Yes, that is all true and in fact it is just a matter of time until more and more people jumps into Hive through all the interfaces offered by Hive.