It's a good opportunity to reflect on:
- what are the main drivers of the price of HIVE
- what are the consequences of a low price
For the first, it has long been clear that the ecosystem lacks enough reasons for outside people to BUY Hive with fiat currency. Yes, one can buy Splinterlands cards and Exode packs with Hive (converting), but for Splinterlands there are easier ways to buy that do not go through Hive. The other reasons to buy Hive are self-referential and only cater to people already in the ecosystem such as powering up for HP or stacking HBD for the yield: if you are neutral about Hive's long term viability and success, these do not provide a good reason to buy HIVE.
Here Innopay brings something truly new: people are invited to buy their lunch or dinner with euros, as they always did. They don't need to bother that these euros are then turned into Hive and HBD. This is arguably the best mechanics for countering the fall in the price of HIVE: offer the vast mass of people who don't know and don't care about Hive a reason to buy Hive without even knowing or caring that they do so.
For the second, the consequences are quite bad, sapping confidence and peeling off people from the community in a movement that alsways risks becoming self-fulfilling.
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RE: What are some good things about Hive price dropping this low?