What an absolute mess price is.
We've been waiting for the HIVE pump for quite a while now, haven't we?
I shared my thoughts around the HIVE price, on 's what do you do blog yesterday and wanted to also publish them here for visibility.
Thoughts on Where HIVE Demand Will Come From
There are certainly a number of bloggers here on Hive who continue to sell their profits immediately and irrespective of price, to live. We don't know everyone's specific situation and for some people, Hive literally allows them to put food on the table that otherwise wouldn't be there.
This has always been one of the cool aspects of coins such as HIVE and LEO that you can earn, just by investing your time. But in saying that, this can also cause immense pressure on price. I mean just look at the situation we have now with HIVE...
The tighter supply of LEO and the relatively small number of big holders contributing to demand, certainly helps stabilises our price. However, HIVE unfortunately doesn't have that same demand side pressure right now.
In my opinion demand for HIVE will eventually come through communities like LeoFinance onboarding through ETH and other means. With a LeoFinance account, your account allows you to interact with the entire Hive ecosystem and to do so, you're always going to need HIVE.
No matter how you got to LeoFinance, HIVE is still the base token of everything we do. To increase demand, we need to just increase new accounts being onboarded. Something the LeoFinance team is obviously and rightly so, focusing on.
As you can see, I'm certainly optimistic.
Maybe it's just the weekend...
Best of probabilities to you,
Dane.
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