I'm looking at the price of Hive these days and I can't help but feel nostalgic. It feels like it was just yesterday we were floating around 50 cents, now here we are, casually heading towards $2 and it's still bearish.
Virtually everyone knows that this was inevitable and I'm also pretty certain that many know that we've not hit our ceiling for this current bull cycle. As far as I can see, all roads lead to a monumental pump in the coming weeks.
In my previous post, I discussed how Hive looks primed for a pump. I highlighted the buy and sell orders from Binance to show that demand currently outweighs supply.
As far as this trend persists, we'll be experiencing further pumps in the value of Hive. It's actually basic economics and probably all we need to know right now.
At this moment, hive currently trades at about $1.6 and looks primed for a pump. The interesting thing about these Hive pumps is how it always seems to carry Hive-engine tokens with it.
Being honest
Whenever things are looking good, I always ask my self "what could go wrong?" I always want to stay on top of proceedings and right now, it really feels like all is well with the world, which on its own, makes me very nervous.
The price of hive is heading up and riding the curtails of daddy bitcoin perfectly. The question is, what could go wrong?
Well, first and foremost, there's always the worry that the Koreans in Upbit will lose interest in Hive. That will be a horrible scenario that could dent the upward trajectory.
However, I need to add that even if the Koreans did lose interest, I think Hive community has the capacity to keep the asset afloat. We have so many projects coming up in the next couple of weeks that will drive the price of Hive.
Larynx must be vocal
This then brings me to the second scenario, which basically evolves around the incoming projects. What if the projects turn out to be crappy?
Every crypto enthusiast tends to have a hardon whenever the word "airdrop" enters the conversation. This has been a way to drive the price and public interest in certain projects.
The problem with airdrops is that every now and then, they tend to be flash in the pan tokens that get dumped almost immediately because there's no demand for them.
One of the airdrops that's getting everyone excited is the Larynx token from 
The question is, what if the project goes tits up? Assuming that happens, the price of Hive will just go right back down and maybe even dump a bit more.
Remember, this is just a picture I'm painting and not my opinion about the project. If anything, I'm very bullish about the project but the market doesn't rely on my feelings. I honestly don't know what it relies on but I know its not my feelings.
Is Ragnarok the end game?
The other project that's coming soon is Ragnarok and well, the name of the game already sounds very enticing. With a name like this, I really hope it is a sweeping success with revolutionary technology that we've not seen in crypto space.
I'm a fan of blockchain games and always look forward to trying something new. This game that's being developed by 
So just like the Larynx token, if the game doesn't get the required traction, graphics and all that stuff on lock, the interest will fade really fast. The blockchain gaming industry is still relatively young but the margin for error is dwindling every day.
If you bring something that's just more of the same, people will play for a while and then go back to what they already know.
Naturally, there will be some application of NFTs in the design but it should offer investors and players something new and exciting. You need to tickle the senses of investors through quality gameplay, marketing and dedication to the project.
In summary
These are the two airdrops that has us excited about January. I think the price of hive might get as high as $5-10 range at some point because of the excitement.
However, one thing I know for sure is that the developers have the sole responsibility of generating the aforementioned excitement.
Everything from marketing to quality of the project will determine the initial success of the project. However, without commitment, the success will not be sustained, and we'll all just crash back down to square one again.
In any case, I'm bullish about hive but as with every crypto in the market, I'm always cautious and watchful. What about you though, are you expecting riveting success? Are you all in? or are you taking a cautious approach?
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