Another dip observe in Hive price. Good time to accumulate more Hive
Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, bearish trend continue in crypto market as the global marketcap fell below $800 Billion. There was a time when global crypto market was about to touch $3000 Billion. This reveals the big dip in global crypto marketcap. All coins bleed during current crypto winter as a result red color dominated the market.
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Like other coins our native token Hive also observed massive dip after FTX debacle. Hive coin which was trading around $0.52 dropped to $0.262. Almost 50% dip observed in Hive price after FTX collapse. Massive dip. Almost 10% dip observed in Hive price in last 7 days.
Massive dip provides a good buying opportunity. Hive which one stage managed to touch $3.42 has shrink more than 90% of its worth. This provide a good buying opportunity. It is important to remember that price may goes down further. So, investment in multiple installment will be a good option. It will optimize your buying.
The way the Hive is developing and allied second layer coin on Hive blockchain one can say that Hive has a good use case. It will definitely help to give huge pump on next bull run. Coin has tendency to surpass its all time high worth of $3.42. Even If the coin achieves $3.42 worth it will increase your investment to 12x. What are you waiting for. Time to accumulate as many Hive as you can.
Beside this one can accumulate more Hive by converting HBD into Hive. At current rate one HBD = 3.8 Hive. Good time to convert your HBD into Hive. Again remember convert it in multiple steps to take advantage if the number observe further dip.
Although I am not a financial expert but I still believe that Hive at this price is worth to buy. I'll try to buy few Hive at current rate as I believe in this project. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
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