We all want gains π¦Ύ
Like many in the Leo Finance community, I often obsess over the idea of HIVE eventually being recognized for its true potential. This would in turn lead the markets to show just how valuable this gem of a blockchain really is. 2022 may just be the year that HIVE breaks into the top cryptocurrencies and becomes much more sought after than it already is.
When considering where HIVE could go, I think that SOL is a fantastic comparison. Earlier in 2021, SOL took many by surprise and blasted into the top 5 market caps. It still sits there and has held its value quite nicely. Although many cryptos are still just now getting back to former all-time highs, SOL has found a greater level of value.
Comparing HIVE to SOL makes sense in my mind. Not because they do the exact same things, but due to the fact that both have been slept on at one point or another. Plus a few other reasons I'll explain in a bit. I think that HIVE has a lot more to offer the world than SOL, but clearly, the rest of the world has yet to realize that.
While many people have been making killer gains with crypto in 2021, I've kept steady with my HIVE grind. I've seen some nice increases, but HIVE was not the top-performing crypto of 2021, by a long shot. I know that this blockchain is incredibly special and I will not lose sight of accumulating as much as I can before it goes mainstream. It is nice to see HIVE hold about $1 for so long, but I know this is hardly even scratching the surface of what is to come.
I hope you like numbers π€
Now it is time to get into the juicy details. The main reason I am comparing SOL to HIVE is that they have a very similar supply at the moment. If you look at the comparison image below you will notice several things.
- SOL Supply = $309 Million and HIVE Supply = $369 Million
- SOL Mkt Cap = $53 Billion and HIVE Mkt Cap = $565 Million
SOL started the year around $1.50 while HIVE was all the way down at $0.11. Both have made some solid gains, but SOL has totally dominated 2021. You may ask yourself, why is HIVE ranked 165 and SOL is 5 when HIVE flexes more muscle and can easily handle more traffic. I don't have an answer for you there, but I do think that HIVE will eventually become recognized by more people.
If we go back an extra year in time, we can see that SOL was valued even lower, just like HIVE was. 2020 was a difficult year for many in crypto, but it didn't break us. Those who believed and stuck around are seeing the fruits of their labor as we begin 2022. Some of these projects will begin to fade away and allow the real tech to rise. The further we get into the life of crypto, the more people will begin to actually understand that which they are using and adapting to.
The main point that I am wanting to get across is that when HIVE sees its market cap shoot up to where SOL's is now (or higher), we are really going to be sitting pretty. Let's do some simple math.
53 billion (SOL's Mkt) divided by 565 million (HIVE's Mkt) = about 93
That means that HIVE would be valued at around $93 if it were to have the same market cap as SOL. With the two having a similar supply, these are valid numbers to analyze.
You probably have seen people screaming $100 HIVE and having their dreams denied by the naysayers. Those incredibly positive visions may not sound as crazy, now that you have some numbers in front of your face.
If this $93 price is reached, as of my current HIVE holdings of around 75k (which is growing daily), that means that my account would have a value of about $7 million. I know we have all seen screenshots of crypto wallets on Twitter with these values and larger, these numbers are far from outlandish.
Remember that SOL didn't even crack $100 million for the first time until August of 2020. Then SOL surpassed $1 billion in January of 2021. Now we see SOL staying above $50 billion. This all happened quite quickly and very few people saw it coming. Some were well-positioned and knew that SOL's time would come. The same can be said for many of HIVE's most dedicated community members who are currently holding strong in the shadows.
You would be foolish to say that something like this is impossible for HIVE to do. Anybody who uses this blockchain knows how amazing it is, especially when compared to all of these slug chains that are running off of hype alone.
What do you thinkβ
Do you believe that HIVE has the potential to do what SOL did and then some? If you are on here daily like me, you must be doing it for a reason. I love creating content and having the ability to interact with people across the globe. HIVE enables that. I also love the idea of having full financial freedom thanks to HIVE.
It is thrilling to imagine where HIVE will go in 2022. One thing I know for certain is that I will remain strapped to this rocket and am ready to go to heights that we have yet to witness with HIVE.
To answer my original question that I began this post with.
Nothing can stop HIVE from exploding in value.
Do you agree or disagree?
My NFTs: @daltono/nfts
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