HIVE Is Falling

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The price a few minutes ago.

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This is the HIVE price chart for the whole time it has existed. I'm expecting the slow descent to continue until 10 cents or thereabouts is hit. There is no support anywhere between the current 14 cents and the bottom of 10 cents.

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Even if BTC and ETH an the rest of the top market cap cryptos start a run, say, next month leading up to a local top around Christmas time like both in 2016 and 2017, the latter being when the BTC all-time-high occurred, it is notable that STEEM did not go up in tandem. In 2016, there was only a tiny bump in the price of STEEM when it went from 11 cents to 24 cents between late November and late December followed by its infamous 7 cent all-time-low in March 2017. In 2017, STEEM went down to 92 cents in late November from a summer high of over $2 until it began its insane parabolic run all the way up to $8.57 in January 3 2018.

Barring anything out of the ordinary, I would expect the price of HIVE to continue falling until it has reached 10 cents. There could be a minor Christmas pump followed by a dump.

LEO is a different story. @khaleelkazi told me wLEO is slated to be relaunched in the next few weeks with beefed up security. I predict that liquidity providers will be much more cautious this time but they will come. There is no telling what will happen in the next few months. If LEO catches wider attention, the price could easily move up violently given the still quite small market cap.

What I'm hoping is that the Hive community would have the sense to fund through the DAO, if necessary, the development of out-of-the-box tools for Tribe owners to launch their own wrapped token versions for vastly improved liquidity. That could potentially open the floodgates when it comes to buying pressure on HIVE.

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