Hello dear readers, as a lover of this great blockchain project, I am always aware of the Hive price in the market, at the beginning of August last year 2022 the price had a great boost to reach up to 1 dollar, then in the month of October I came to register a price of 0.6 dollars per coin to then stay in a range between 0.30 and 0.40 dollars, the market throughout the year of 2022 maintained a volume below the average that I present for almost the entire year 2021. Taking these historical records we can observe that today, February 04, 2023 hive took a significant boost going from $ 0.40 to $ 0.6, observing a large upward swing with high volume and strength.
The price is very likely to correct in the coming hours and days, taking into account that, although there is a feeling of a bullish market for bitcoin prices, at the moment bitcoin is in a range or fall movement so if there were to be a trend change it would possibly be seen in the coming days if bitcoin does not lose its price below $ 19,000 as stated by some market analysts. I particularly see this type of move as an opportunity to increase our amount of hive, since those who sold at prices from 0.56 to 0.60 may have the opportunity to buy more hive at lower prices.
Hive is a project with high potential where a large number of applications and games have been developed, which generates a great diversification and use of the token within the ecosystem, it's just a matter of there being more adoption so that we start to take off a little more in the price, we have already reached the maximum of 3 dollars and I'm sure that at some point we will be able to reach those historical highs again and because not until, we are a sustainable blockchain and it has been proven throughout the bear market where many projects have gone bankrupt but hive is observed with solid foundations.
Dear readers, it is pleasant for me to be able to write about this type of events that, although they may be manipulated or not, which we do not know, are opportunities to continue accumulating hive in the long term if the price begins to correct and in this way continue betting on this great project, which has brought us many satisfactions since its creation.
Thank you for reading our article, until a next installment.
