It is interesting to see the crypto market reaction to the news around it. So much is happening, it may be hard to dissect what causes one token to lose value compare to the next one. Crypto brings globalization where it will be clearly in just under 10 years. The sentiment could be otherwise while crypto is working for everyone involved. Only the parties pretending to be against it will be left behind. According to the whole marketcap, the train has left the building.
This week alone few tokens grabbed the spotlight. Among them ADA, AVALANCHE and TEZOS. No need to go deep with each of them. Something in September should keep the momentum going for them. Hope they deliver in due time. After all crypto exists to fix what the traditional system cannot fix. It is getting to a point everyone with an eye for openness will lay crypto way.
What is more important I detect this week is the fact we have so much going on with Hive just this week. Apart from #Leofinance working on #IDO through #Cub finance. They had announce a #Polygon Token for #LEO as well. Most likely by the end of August to the beginning of September, it will be opportunity on top of opportunity for this wonderful community. It never ceases to amaze what we can do within this blockchain. Always the power belongs to the community.
By looking at the price of Hive itself in the market against the dollar, it rises past 1100 satoshis. While BTC is dropping Hive did drop for a while but rebounded to hold if you see 51 cents most of the times. I guess this is the bottom for Hive. Welcome to the 50 cents threshold. As long a bottom can be maintained by September 60 cents or 1200+ satoshis are coming strong.
Hive have been traded well in UPBIT. I tried to go there but the Koreans community did traded in a daily average 12 million daily. By maintaining a ratio of 50 cents, it might provide a leverage with their currency. Just this week alone more than 10 million Hive had left the exchanges. So the liquidity will be tight going forward forcing the price first to say average and later to raise with an eventual short of supply.
This is the daily behavior of the market, find a balance sheet between supply and demand. We all want to see Hive reaching the dollar mark. I have the same sentiment with everything coming up we are getting there. Other factors that build into Hive blockchain is the fact we remain after all a social media network.
When you bring Hive next to Facebook and all, we cannot match them in user interface since they are all centralized system. Hive approach is built with decentralization in mind causing many to falter when they do not see fruit to their labor right away. Everything has to go through social media. Hive will be at the center of them. I was thrilled to see Vitalik mentioning the power of Hive when we separate from Steem issue with the centralized portion of tokens hanging on the balance.
Good thing always come to those who waited. Hive is slowly grinding where we want it to be. As the blockchain token, it will maintain its value with our production at the base securing the network and spread the value through its branches, I mean like the tribes and lately #POB. This approach is keeping pace with Hive. Soon #POB can reach the dollar mark since #POB is a deflationary token, meaning its value is tied with the number of token in the market.
There will be more coming from the community. #threespeak is working on a plan as well. I am not well versed but this alone will funnel more Hive making the token favorable for growth. While the projects I mention has the works cut out for them, Hive did fulfill its mission, it is up to us as a community to keep our promise and continue working and be the best producers we can be. I have to say having a Hive account is a great beginning to a bright future in cryptocurrency.
As I said you decide how long you will get to your point.
Keep vesting your tokens. Five days to HPUD.
