It has been a busy couple of hours for Hive coin on exchanges, as the coin has experienced considerable appreciation in value in the past few hours. For a coin that seems resistant to the usual pump and dump games played in exchanges, this movement seems more like a precursor of an inevitable run up.
An interesting thing about this runup is that the price has climbed at a consistent pace and then settled around 19cents. It tested 22cents for a split second before dropping back down to 19 cents and in the process, establishing a higher low.
Hive distinguishes itself from most other projects due to the fact that it has actual use-case and a propensity to survive for a long time. The token itself hasn't reflected this value, despite the large number of transactions that happen on the chain daily.
Dapps like Splinterlands, leofinance, and 3Speak account for a large number of these transactions. The near feeless/replenishable model employed on the chain also makes it a welcoming place for developers. However, as stated earlier, the price hasn't reflected this just yet.
These laws combined with strategic marketing are the underlying factors behind the success of Facebook, Twitter, Insagram and other social networks.
Naturally, every step towards improvement in terms of functionality increases the number of connections. However, like we all know, the social aspect of it has a tendency to keep everyone embedded in the system.
As the system becomes more robust and transactions increase, we will devise more innovative ways of retaining the accumulated connections. This means that developments like the Peakd private chat and whatnot will eventually phase out the need for Discord or Telegram for private conversations on Hive.
More connections means more value and in the long run, this will translate to a sustainable rise in the value, rather than a flash in the pan occurrence.
