Sadly, I fear that both HIVE and Hive-Engine were destroyed when the witnesses raised the interest on HBD savings to 20%.
Currently we are paying about $112,000 in HBD interest each month. This translates well over 300,000 HIVE a month in interest payments.
Historical data shows that most HBD will be converted to HIVE at some point. Users tend to convert their HBD when the price is low.
I follow the Ausbit HBD monitor. Users converted over a million HBD to HIVE during each of the last three dips.
The conversions hit a fever pitch when HIVE is below $0.3. We've seen over ten million HIVE generated from the conversion during the dips which have occurred since Christmas.
The big money hoards its HBD when the price of HIVE is high. The big money dump their HBD when the price drops. This guarantees a widening of the income disparity on HIVE.
It is little wonder why HIVE sees its users numbers drop each month.
The price of HIVE is currently $0.353. We see that the HBD market cap is rising. The smart money on the platform thinks that $0.353 is a high price for HIVE.
I contend that we will see big players convert over a million HBD to HIVE then next time the price drops below $0.3
I don't think the market can absorb this.
Personally, I have lost all enthusiasm for promoting HIVE. I don't want to promote a platform that is being leveraged to produce a derivative that pays 20% interest to the wealthy.
As For Your Memes
I think it would be great if your started generating your memes with AI images. DALL-E costs about a dime per image. There are numerous groups offering Stable Diffusion. Apparently it is also possible to interface with some of these programs with Discord.
It might be fun to create a meme generating program that creates unique #memes that could be used to pull traffic from Twitter and Facebook to HIVE.
RE: The Daily Meme #692!