We are seeing all around us high inflation with higher prices for fuel, food and nearly everything is going up like a rocket! It's times like this that we go into survival mode and cut out the trips to McDonald's and live on rice and beans.
Before I got into crypto, I would pay attention to the news and worry and be concerned about what something costs or how we will get by. But now I don't give it my attention. I feel like Ewan McGregor in Trainspotting faced with a decision.
At times like this, it is good to focus on real life and not some numbers on a screen or some potential problem in the future being promoted by the mainstream.
The mainstream media likes to get us living in fear and worrying that this might be the time crypto doesn't go back up.
How can we be positive with all this barrage of negativity?
Easy.
Believe in yourself. We can overcome any problem thrown at us. If McDonald's closes down, you can go to Burger King. If Burger King closes down, you can buy your own patties and make a home-made burger. There is always a solution to every problem. And we all have the power to solve them.
Since Bitcoin's move down to the $18-21k range, most other cryptos have gone with it, even Ethereum went a bit further. One crypto that has stood out though is Hive. Whilst Bitcoin is flat the last week, Hive has gained over 20% on Bitcoin!
This is quite a move up and for a crypto so low down in the market cap rankings. To make such a move against Bitcoin's dominance is impressive. Does this mean use case trumps store of value? Or just the power of the Hive?
Next let's have a look at some of the layer 2 tokens. Here are some that I like. We can start with one of the most popular.
Leo
LEO is the popular tipping token used on LeoFinance. Here we can see that LEO has fallen over 25% in the last 4 months against Hive.
We could be at a start of a trend reversal though with all the developments going on at LeoFinance. There is Leo power up day, advertising revenue, the LeoFinance App and the new communities feature.
PoB
The Proof of Brain token has been pretty steady the last 4 months and has been mostly in the 0,02 and 0,025 range. I am impressed with how it is now holding this range pretty well and it is good to receive POB tokens.
The POB seems to be an unmoderated tag and seems to be getting its mojo back again.
Cent
We can see with Cent that there has been a slow strengthening of the token value from 0,01 Hive to 0,015. If Hive returns to $1 again, the cent token will be well positioned to be worth about a cent or more!
There is some activity here to bring the community value and hold cent tokens.
Cine
The last tribal token I would look at is Cine. This token has also had a bit of a fall in the last months. Here we can also see a downward trend but there is some volatility there.
Archon
Things have been going well in the Archon Tribe and the token has recovered near its previous highs.
What is great about the Archon communities is that you earn staked Archon for commenting and engaging in their communities. It is the first one on Hive to have this automated system. No wonder people are getting excited about Archon!
Summary
While our portfolios are down with the move down of Bitcoin, Hive is bucking this trend and seems spring-loaded to jump up again. Therefore it makes sense to keep active in the communities and keep stacking Hive and it's layer 2 tokens.
This will pay more once these tokens are revalued up when the next bull run starts.
Which tribal tokens do you like and why?
Thanks for reading.
Resources:
Chart screenshots taken from Hive-Engine.com
Title image created in canva using image source and from @doze
Youtube videos are sourced to their respective copyright owners.
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