The time has come to see crypto in a different pair of goggles. Everyone will continue to talk about Bitcoin, Ethereum and so forth. Crypto has gone mainstream when you look at the possibility in front of us. Regulation is no surprise for crypto. Crypto is cementing its place as legal tender in some countries. In the US the battle for stable coins just getting started. It is about time if you are not talking about crypto in the financial world, you are living under a rock.
While all this is happening the market is acting the way it should be. Ups and Downs. We have since end of July with BTC leading the pace from $29k to all the way $46k+. Ethereum is no different assuming the EIP change the inflation rate for Ether going forward. Yesterday a simple news push #helium to $18+. The whole crypto market is alive and running like a well oiled machine. There are other issues around the market and I called them work in progress since they can be avoided with proper coding and security check along the way.
Usually #hive follows the price of the top tokens and show its face while trading. Lately for the past week, Hive found a niche where it holds its ground when BTC just dropped from 4%. For Hive it is the reverse for 4% gain. I look at the trading partner for Hive and it tells a little bit of the story. The trust factor and the need associated with Hive have nothing to do directly with BTC.
When you look at the trading volume alone, KRW pairs with Hive has a 79% trading volume followed by USDT with 15%+. Trading pair with BTC only a mere 3.59%. It may not represent a heavy weight in the balance it represent where the bulk of the trading is heading. It helps in the short term for Hive to maintain the price ratio of 46 cents US. I hope what make it work continue to do so. One thing to know market fluctuates from supply and demand. as long the demand outpaces the supply we the holders are in good hand.
Looking at hive within the communities, there are many aspects that solidify the need for Hive to stay in the green. First Leofinance in itself is the community with a dedicated followers. With Leo tokens and #Cub on the other side, they are the enablers and a great route for Hive. Long time ago there could be one direction for Hive but things change where you can have other means to your ends.
Splinterlands are the other one with a new trend in action for Hive token. #Dcity with sim token provide avenue for Hive to hold and bring action all over the place. The metrics can say a lot and hive-engine is another place for Hive to thrive. There could be more out there for Hive to growth and the adoption had just beginning for Hive. When you have in house growth, at least you know surely where Hive is heading.
With increase in value, less Hive inflation in the wrong hand. Hive is the perfect example where when you look at crypto you can start thinking away from BTC or Ether. The community is doing something that fit our needs. Due to exchange you may be able to trade but within the blockchain, the churn is clearly in the positive side.
We have been in the forties for some time. August, September should lead us to the fifties. Value always calls value. We are doing just that with everything that is going on around us. Due to decentralized aspect of the token, you run your wallet your way from different UI. August seems favor the holders again knowing it will be hard to get more Hive if the price continues to appreciates. We will see if 50 cents is on the horizon by next week.
Keep stacking if that is part of your goal.