Hi everyone,
Over the past week, we experienced one of the most happening event on Hive and that is ATH all the way for Hive which recorded one of the highest price at $3.40 in the span of 4 weeks from the last ATH.
Hive also has been tested with the dump in Bitcoin price but managed to retain and sustain its price between $2 - $2.8 in the past week concurrent with the market activities.
Are we looking at a new fixed Hive base price?
Hence, that said, looking at the Bitcoin dump and Hive resistance, can we say that $2 is the new Hive base price?
We managed to get in more investor when Bitcoin dumped. This could mean that, someone wanted a lot of Hive. Market cap increased to $1 billion with market activities closing in to $1 billion as well.
From my observation, Bitcoin has been in between the price of $51k - $58k this past week and Hive still resisted at the base of $2. Can I safely say that this is the new Hive base price?
Hive has steadily climbing the market cap and still maintaining good performance.
If this is the new Hive base price, are we going to see more in the future?
That question I can guarantee yes.
Just bear in mind that, the Hive price has steadily sustained at $1 and above this 3rd quarter of the year and climbed at the highest peak at $3.4 at sustained its price at $2.
But again, if $2 is the new base price could only mean one thing and that is, the projects backing Hive such as Splinterlands, Leo, Cub, 3Speak, Project Blank and so much more are starting to gain proper traction. To add, there are going to have more coming projects real soon.
If $2 is the new Hive base price, what are you going to do about it?
My answer is, buy as much Hive now, HODL and grow them in any way I can now.
How about you?