Hi, Hiveans
Oslo is still in lock down mode, where politicians that do not even know the diffence between the number of tested and positives are deciding strategies for re-opening. However, one of the blessings with a home office is that I have the opportunity to do other things simultaneously. Like being updated on the market action.
The Hive price seems to be taking a dump today, as well as the crypto market in general. A so sharp decline with low volume can often be more technical and could be healthy in a bull cycle. But a decline below $0,5 is not very promising IMO.
I have read the market very accurately for multiple coins this bull cycle, but for me Hive is still tricky to predict. It could be that Hive is tricky per se, or that I am not that objective.
I was somewhat convinced that the recent spike in price should stabilize and be in a trading range.
Perhaps $0,5 is the new trading range?
Anyways, given all the focus on decentralized social media and NFT recently Hive should be a top 50 project now. For people wanting to join Hive or buy some nice digital art at today should be a good opportunity.