Hive has been hovering in the 34 cents range for around 1 week now and looking healthy for another leg up. It is highly unlikely that we will see a crazy rally in the coming days but in a couple of months from now, we might see Hive at $1 again.
It has been a while since we got any news from our Korean friends at UpBit and I reckon that's due to the general state of the market. The trading volumes across the board are much lower than they've been in the past two years.
There's a general apathy about the crypto market these days and numbers are telling quite the story. The general feeling is that while we did experience minor relief, there's probably more pain waiting in the wings.
It is hard not to be negative in these trying times but Hive offers some hope. In the midst of the brutal crypto market, there's some respite for people on Hive.
Regardless of how bad things get, the opportunity to earn from blogging will always be available on Hive. This enables participants to accumulate assets that can be staked and used to earn even more.
Future Pump
There's a certain positive feeling associated with Hive when it is trading at $1. The feeling reverberates across the network and often translates into more activity.
Don't get me wrong, things aren't as quiet as they could be or have been in the past but whenever Hive hits $1, it can really get loud.
$1 Hive is the value where silent operators start dusting off their keys private keys and start being active on the network. It is at that value you start seeing a lot of sensationalistic responses to the market on Hive from accounts that were otherwise inactive.
In any case, the current state of the network is actually very commendable. Despite the dip in the market, we have seen engagement numbers rise in a number of communities.
In my opinion, Leothreads in particular has offered the most hope for the future, in terms of content creation on Hive. The community has continued to focus on growth and development throughout this torrid period for Hive and the crypto market.
I predict that the efforts of the Leofinance team will eventually stretch the network and force us into even more hardforks and upgrades to cater to the load that the platform will inflict on Hive. The effects will be clearer when there's some recovery in the market and the silent crowd start getting active again.
Things aren't looking good right now but there's hope for the future and Hive will lead the way. Pump or no pump, Hive will thrive, grow and will continue taking strides to be at the forefront of freespech and tokenised content creation.
