If HIVE were to continue performing this coming year the way it performed this past year, it will be 30 USD by next Christmas. HIVE started 2021 at just over 11 cents and is currently 1.9 USD apiece. Is another +1500% likely? What would that look like (other than awesome)?
That's the last 360 days of HIVE action. The price never looked back from the opening point, and other than the recent spike to 3.4 USD, is ending the year at a high. If that $3 level is taken out, $5 or even $10 seems a likely target. And that could happen as early as, well, now.
HIVE isn't a very large market. A crypto whale could come along, notice the insanely-bullish chart setup, and buy in big. Then, just as we experience things shrivel and implode when the price is dropping, the platform will bloom to life again once things turn around, exponentially increasing the price and traffic. It has been a long time since it happened, but it could happen again if we finally see another HIVE bull market. Infrastructure has been built, projects have begun, content has been created, games are going viral, connections have formed. Now, we're ready to scale!
+1500% is very possible... what would it look like?
HIVE would be about 30 USD each.
Even if all other cryptos stayed put, the HIVE market cap would be about 10 billion, which would only make it approximately the 20th largest crypto. We were at #12 when I joined this blockchain back in 2017.
My personal stack of 18000 HIVE would be worth over half a million USD.
My upvotes would be worth 25 USD each (10 times daily).
I would be pulling in a few grand weekly (160k annually) with my regular posts.
Bitcoin
Bitcoin is back to 50000 USD, and may be considering a run to test the high of 69000, reached early last month.
Normally the end of the year (every 4 years) is the big blowoff top for Bitcoin, but I think the pattern is changing. I think 2022 could be another year of new highs. Potentially REALLY large moves. If that happens, who knows what HIVE could do.
One thing the HIVE chart does show us is that it's very comfortable above the dollar mark. Sure, we could have deep pullbacks along the way, but it seems the days of being a penny token are over.
$10 may be cheap at some point fairly soon. No guarantees obviously, but the chart and fundamentals tell me things are set up for HIVE to potentially do another +1500%. This place might be about to become bustling with activity (and investment) again. That would be good for the world, and for those of us who helped build this chain.
DRutter
