It's amazing to see the price of Hive correct over the last few days after staying over the last two weeks. The dip down to $0.84 is one of those healthy moves for the Hive token to relax and provide an opportunity for new investors to buy in. The crypto market runs in cycles and its always characterized by bear-bull-bear-bull in succession. The two sides of the market is always necessary to keep a healthy cycle.
When crypto bears, it's just time to buy in and when it bulls, it's a good time to take profits. There are no permanent ups or downs in the pricing. The directional price trends in response to the demand/supply of the token is something we must come to terms with.
I had the privilege of advising a young investor who complained that Hive's dipping. I told him it's time to buy as we'll soon Hive a rebound in the market. He jokingly went out and returned with the decision to purchase $100 worth of Hive and I told him, that was a great decision.
I had some awesome moments today converting my HBD to Hive and it just looked cool that I could have some more quantities of Hive with my near constant value of Hive Dollars. The pegging of HBD to $1 is one of the best developments that happened to the Hive code and maintaining HBD as the payout for content creators. I remember the time when both tokens were volatile. You could create a post that earns a $100 only to cash out $20 on the payout day due to the price dip that affected both Hive and HBD. It's a total different story today as we can have a fairly constant post reward despite the temporary fluctuations in the Hive market.
There is no better time to buy Hive than now. In a few hours/days/weeks, we'll be right back above the $1 Hive. There's no need to cry over the short-term price dip. It's part of the health of the token. With the recent developments like we have in the 1UP and LeoFinance communities that are bringing in new investors to Hive, such price slashes as this becomes very important worthy to take a
Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world. source
Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on their exchange.
I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree program due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypto while learning.
I am your favourite Hive Tribes Promoter and Curapreneur!
I am @Uyobong.
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