Cryptocurrency is one of the most volatile businesses whose price fluctuation is inevitable. Aside from the price of #crypto tokens, one of the core considerations of a potential project is its underlying use case in solving real-life problems. Hive is seen as a prominent blockchain project experiencing a dip in price but has profitable use cases that can be used to drive the project forward.
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From the market analysis, #hive has been on a continuous downturn in its token price, causing a lot of panic. Just as a wise investor would say, buy the fear, sell the greed"; as the value depreciates, it is an opportunity for investors to buy more and accumulate at its low entry point. Why? Here are the reasons:
The Profitable Use Case:
Decentralized Social Media Platform
Hive blockchain is originally known as a decentralized social media that offers users the opportunity to leverage their social life. This revolutionary approach has made users connect with other people across the globe, earn from socializing, and build sustainable projects together. As a decentralized platform, users have control over their data, no one has full ownership of the #hive project, there is a high level of privacy and data security, and finally users have the right to freely decide whom to socialize with.
About the earning aspect, users earn from sociable activities like sharing their quality content, comments, threads, etc. This active engagement helps to grow the project organically. The earning is gotten when one in the ecosystem "likes" your content, comment, or thread; this like is known to be an #upvote that yields HBD (equivalent to 1 USDT), $HIVE, and other native tokens.
Also, #hive prioritizes the users' decisions by giving them a voice in the platform's development. Users vote for proposals and share feedback that is for the benefit of the ecosystem.
Community building and engagement:
As a way to expand the ecosystem, active users are offered the opportunity for the creation of communities that help build the blockchain. These communities are uniquely known for a field of study; so, users with like-minds come together to interact and share content in the community.
Decentralized Marketplace:
Hive blockchain has decentralized applications for users who tend to trade with the tokens they earned from engagement. Also, the avenue is accessible to investors who want to buy and sell the tokens. This service has created a financial strength for the project.
$HIVE is not dead!
Despite the bear market, $HIVE happens to be recovering from its price depreciation. Here is an ideal time to invest in the project -
Proven Use Case: As above-mentioned, the utility and profitability of the decentralized social media platform has the tendency to attract more users and create good traffic in the #hive community.
Strong Community and Development Team: The team behind #hive blockchain and its various communities are working tirelessly to improve the platform to be a strong and engaging community that provides a solid foundation for future growth.
To my readers:
It's time to ignore the market fluctuation because #hive will certainly recover! Let's keep engaging - creating content, sharing posts, and interacting with other users.
Conclusion
To be a savvy investor, you need to have a big picture of what you are investing in; #hive has strived for years to retain its value, and with its use case, the growth can be substantial. Here is an opportunity to dive in - with the current dip in token price, buy now that people are fearing.
Moreso, hive is an alternative platform to gain value from your engagement in social media platforms. As #hive has come to life, it is a chance to reshape the mindset of those who were afraid that it has collapsed.
Join the $HIVE movement today and be part of the social media revolution. Your engagement and investment now will yield significant rewards in the near future!
This article is written in InLeo
Inleo is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH, and Polygon blockchains. Our flagship application: Inleo allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.