The month of November was a wonderful month for both steem and hive price. Hive experienced a high price increase; it was also one of the coin that perform very well in the month of November.
Steem started the month on $0.6243, the highest price for the month of November was $0.8022. At the time of writing this report the price of steem is trading around $0.6506. Hive also started the month at $0.8256; it experienced high increase in the month of November. It rise to 3.4139 last month, currently it’s trading around 2.4753.
Hive as taking the crypto market by surprise, no one gave hive a chance some years ago. Many people never believed that the price of hive can be three times higher than the price of steem.
Recently hive as been lunching new project that as reflecting in the price of hive, hive NFT is one of the big project that has resulted to the price of hive increasing.
We have not heard so much from steem, for some times now we have not seen new project coming up. Another thing I think contributed to the rise of hive price is the community; each day hive community has been growing. This has attracted allot of investors, the daily trading volume of hive as increase. Content creation on the hive block chain has been great, new content creators have been joining the hive block chain Daily, the hive community has been helping new content creators to grow , on hive there is much support and love.
For now I don’t see the price of Steem coming closer to hive I won’t be surprise if the price fall to $0.5. I expect the Steem team to do more. The volume of steem trade daily is very low, for steem to bounces back it need more content creators and strong community. Steem team should work more on getting more people to create great content on their block chain, The team should create more support to the new content creators. Without this investors won’t come on board.
Hbd still remain the king in crypto social media blogging, I won’t be surprise if Hive take over by December ending, it’s not over for hive. This month I expect hive to reach $8,. At the time of this report Hbd is trading around $7.24 and hbd is trading around $0.9666. I expect the hive team to work more in making Hbd equal to a dollar by middle of January 2022