The time for Hive has come, and we can see that it is continuously pumping and moving towards its original position. Yesterday night, the price reached the $0.47 mark, which is a good support level that needs to be broken. No doubt, Hive is now in a good momentum, and no supports will be counted; Hive will continue to go upside towards its all-time high.
I am part of a group of friends, cousins, and uncles who always discuss crypto investments and different coins to select in this bull run. In every meeting, I always choose Hive coin as one of those coins to invest in, and I keep convincing them that Hive has good charm for investment. Unfortunately, many of my friends didn't buy Hive at $0.15, which was at its low time value. Now you can see that Hive has moved three times, and those who invested at $0.15 have now benefited three times.
Similarly, some of my friends ask me about Hive prediction and Hive price movement in this bull run. I reply that don't sell your Hive until the price reaches $1. It is sure that within one to two months, if Hive goes with this good momentum, Hive will surely reach $1 without any obstacles.
To be honest, if I talk about myself, I need quick money because I am going to build my home, which I urgently need for construction. That's why I am keeping liquid Hive in my exchange and plan to sell some of the coins above $1. This will surely help me build my home, and I will reinvest as soon as I collect money from my savings.
Right now, Hive is at a good momentum, and the current price of Hive is around $0.41. There is good resistance to break down, and if this volume remains the same way, we will surely break down the $0.5 mark, and the next level will be $0.65, which will not be a strong resistance to break.
Many people may be thinking about why Hive is a good coin. Let me discuss its tokenomics and some details about why Hive has a good chance to rise and even go 10 times from this level, which means that the mark of $4-$5 could be easily reached in this bull run.
Firstly, if I talk about market cap, one of the important things to check for any good coin is its market cap. If the project is good and the market cap is low, then surely that coin will go for 10X to 20X easily. Right now, the market cap for Hive is $202.92 million. Similarly, the fully diluted market cap is equal to its market cap, which gives a good sign and strong bullish momentum for Hive in the future.
Another good thing that must be noted is its supply. The total supply for Hive is 500.75 million Hive, and the circulating supply is also 500.75 million Hive, which is again another strong reason to choose Hive in this bull run. Both the total supply and circulating supply are the same, which means any extra money will boost Hive in a very good way towards its all-time high.
If you remember, Hive was launched in 2021, which was near the bull run. As soon as the bull run started, Hive performed very well, and we saw an all-time high of $3.4, which shows strong momentum. There are many coins that didn't perform in the previous bull run. Such coins are useless and not good to buy.
These are the main reasons for choosing Hive coin, and I am extra bullish on this coin. All these stats are taken from Binance, and all the information that I studied is from Binance.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
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