Some brave fool has been buying ALIVE and keeping the token price at 0.01 HIVE.
I like that this coin has been holding its value; So, I decided to buy another 1K ALIVE on my primary account @yintercept. This brings my total to 7K HIVE.
I think I will use @buynburn to burn another 240 ALIVE.
The HIVE Engine tokens page shows that ALIVE has a supply of 2,473,732.591 coins which trade at $0.0017 to create the market cap of $4,205 .
While four grand is a great deal of money in the #hive-engine universe, it is not a great deal of money in the over scheme of things. It is not an unreasonable marcap.
Although ALIVE may not be able to hold its 0.01 HIVE price in the long term, I think it is an okay short term investment in the Hive-O-Sphere.
HIVE Engine Explorer shows that I've done the previous burns:
I guess that is just 218 ALIVE to date. I will burn some after publishing this post. To keep ALIVE pegged at 0.01 HIVE, I will need to up my game and burn the token by the thousands ... oh well.
I generated the image with Night Cafe. It might make a good #meme.
I will use the HBD and HIVE from this post to buy and burn HE coins. I really should do more posts. It takes time and I don't want to be accuses of spam.
