The cryptocurrency space has seen the prices of the most popular coins fluctuating in the past few weeks with the situation seeming to worsen. Among the most popular cryptocurrencies, bitcoin rightfully occupies the first place and the rate of this currency has decreased not so long ago, which caused the decline in the rates of other currency alternatives. The recent decline in the stock market has left most investors more or less a worried lot, regarding the profitability of their investments.
Hive token for one has been one of the most affected in the recent downturn in the financial market. Hive is a well-known decentralized blockchain that people can use to post and publish anything and earn passive income in the form of the coin. , however, the value of the Hive token dwindled to as low as 0.17 cents and many of its holders are worried.
It is important however not to be panicked and begin selling off your stocks given that they have reduced in value by this percentage, some of the professional traders have a word to say on this. Actually, a vast majority of investors, who are used to seeing even the stable assets fluctuate, look at the current situation as a good chance to purchase more of the Hive tokens with a significant discount.
The current bearish run in the market is not limited to Hive or any other altcoin for that matter. No, it is the market outlook that depends on conditions like regulations, expectation, and the macroeconomic environment in general. Even though they may have an impact in making the prices to incline or decline in short period of time these factors are not reliable in showing the future prospects of the specific asset
From this perspective, those who are interested in investing in the Hive platform on the basis of the distributed character and practical application of the technology, it is possible to obtain a good buy signal at the current price of the token. That is why such specialists regard the chances of the hive token’s rate to increase in the near future as rather high, given that the platform is actively attracting new users and developing its environment.
However, there is the principle of content creation derived from the platform user’s community, which makes the Hive platform different from other crypto-blockchain currencies. unlike Facebook and Twitter that give control to centralized content creators and dole out minuscule percentages to others to monetize the outcome, Hive gives you an opportunity to be rewarded for your input in the system using the native token.
It is a different approach that has led to the increased adoption of the platform by many people due to creation of the hives token thereby encouraging many personalities to come up with quality content. However, the growth in the population using the platform and new features that are added it, mean that the value of Hive token will gradually increases.
However, like any other trade, there are multiple risks involved when trading in cryptocurrencies. Fluctuations are observed in a short period, which means that the market is very volatile and unpredictable. Nevertheless, investors must ensure that they do their homework very well and use money they are willing to lose in share investments.
However, for those who have strong faith in the Hive’s platform, such a low price for the token might be something that one should buy. Through this paper, the investors are being encouraged to have faith in the growth of Hive token by doing some research, having a long term vision, and not to allow the occurrence of a storm to make them fold and disappear.