The ALIVE Token: On Life Support? | Ecency

Maybe that's a clickbaity-type title. I just couldn't resist the pun. 😅

It's not entirely unjustified though... the #ALIVE token has had a tough time so far this winter. Few things are black and white, however, and there is always a conversation to be had.

I also haven't really shown myself around here for almost a year... so, yeah, it would be an understatement to say a quick chat is way overdue!

I've been around the #Hive ecosystem doing stuff like #RisingStar and Engine portfolio maintenance, but I really should get back into creating content. My life has settled down after a bit of a crazy spell (people problems) and I feel more capable of positivity and productivity.

So what the hell was I talkin' about?! Oh yeah...

ALIVE. Hey. Are you... alive? 🙄

It's a common sight in the #crypto world, really: the swings can be vast and jarring!

Sad about Hive Price in Early 2024.png
Created myself using Canva, Bitmoji and hive-engine.com.

And neither Hive nor its second layer #Hive-Engine tokens are impervious. As you can see in the chart above, the last few months have been less than good for the ALIVE token. (Terrible, some might mutter under their breath.)

This is a far cry from the candles of a year ago too, as @ironshield can testify... his MARCH 2023 POST entitled "FIVE Reasons ALIVE Token is Worth More Than $0.04 USD" helps to highlight the disparity. Your selling bid per ALIVE token today is worth around $0.005 USD...

That is HALF OF ONE CENT!

Granted, the price of HIVE was in the $0.40 ballpark on the day of @ironshield's last edit on this post, March 16th. But that's only 33% higher than today, which doesn't justify the 87% ALIVE drop over the same time period.

Because we're having a conversation, I would argue that at least a couple of @ironshield's reasons for a higher ALIVE value are actually inflationary and may be contributing to the downward slide-- namely, the focus on liquid rewards.

Let's Take a Step Back Though...

Community engagement and rewards is also the overarching purpose of the #WeAreAlive community, and the main reason it's so popular with Hivians, so perhaps I should digress just a little bit and make certain compromises.

And the ALIVEM token, although a different beast altogether, is much stronger. So there is that!

ALIVEM Chart on Hive.PNG
Screenshot from hive-engine.com.

I want to say that ALIVEM helps to prove my case about ALIVE's more inflationary economy and consequent price struggles. The staking and burning initiatives are definitely helpful, and I'd be thrilled to see more of it! Drop any relevant thoughts in the comments... I'd love to hear them. 🙂

If you look a little closer at ALIVE itself though, it doesn't seem quite so gloomy. You can follow @achimmertens for intermittent ALIVE token updates, like THIS RECENT ONE. They are weekly snapshots that feature top buyers and sellers, as well as comparisons with HIVE and a few other Engine tokens.

As you'll see, the token's volatility is less glaring when you dial in the time frame. And the level of activity in general is always a good sign, in my opinion.

Hive is Leading the Charge Anyway...

The charge downward, that is.

Check out the chart below from CoinMarketCap of roughly the same timeframe as the ALIVE chart I just showed you. Although numbers can always vary, it's almost an exact map of the ALIVE token's past few months!

HIVE Nov-Feb Crypto Chart.png
Created myself using Canva, Bitmoji and CoinMarketCap.

So perhaps it's not fair to point out the shortcomings of a #tribe token when its parent is clearly one of the main causes of them... the apple doesn't fall far, as they say. 😏

And there are also plenty of other #Hive-Engine tokens that show similar trajectories over the past quarter. The PIMP token-- one of my personal favourites-- is much the same story, albeit with a higher bottom. See the chart below.

Pimp Chart on Hive.PNG

Not stellar by any measure, but it still looks a bit better than ALIVE in a side-by-side comparison.

At any rate, I think a big part of the ALIVE and #PIMP solution is a rebound of the first-layer HIVE token. A big part, I say, but there are definitely other various factors at play.

And some tokens have found their respective grooves...

'Cause There Are Some Clear Winners!

Big time. If you think the ALIVEM chart looks good compared to ALIVE... check out DEC-- or Dark Energy Crystals-- the main token in the #Splinterlands game, as well as the top Hive Engine token in terms of volume.

DEC Chart on Hive Engine.PNG

Not too shabby, eh?

CTPSB-- the #CTP Swarm Booster token-- is even better!

CTPSB Chart on Hive Engine.PNG

This one makes more sense to me, as it is a "tokenized asset" that is built to grow... the token price equals the value of the @ctpsb account's Hive Power divided by the number of tokens in circulation.

But we've looked at both a game token (DEC) and a tokenized asset investment token (CTPSB)...

So how about the top tribe token, #LEO?

LEO Chart on Hive Engine.PNG

Not quite as impressive, but still a relative overperformer.

I'll Stop. You Get My Point.

I'm not trying to kick the ALIVE token while it's down-- I have scruples-- but merely to show three things: it's not alone in its present misery; there are various reasons for it, and possible solutions; and that there are examples of different types of #tokens proving my case and thriving.

I'm still on the train, don't worry... I actually just delegated almost half of my ALIVE Power to the @aliveandthriving account for a rewards boost! So don't read this post and think I'm a hater.