Hive goes higher overnight
As Bitcoin hit all time highs in recent months and some Alts followed, many here on Hive continued to keep a watchful eye over Hive to see if green shoots would emerge. Slowly we are starting to see these shoots now.
Just look at that jump over $0.65
What pleases me most is seeing us in the 200-300 Market Cap level. Hopefully next we can climb into the 100-200 bracket, which isn't too far off now.
Hive is starting to make some moves and it's great to see for all of us regulars who stuck by Hive through thick and thin posting daily or as often as we can and continually supporting other creators and like minded individuals here on our very own Blockchain. I'm here since 2018, but unfortunately walked away for around a year when all the in fighting was going on.
We all knew about the Bitcoin halving that was coming in April 2024 and the likely Bull market which would follow and like clockwork it has once again clicked into action.
Every four years approximately, we have this Bull run and boom and bust cycle in Bitcoin and other Alt coins like Hive. Every time so far, the all time highs for Bitcoin are taken out again.
All of us Hive enthusiasts watched as Bitcoin soared, but many Alts continued to go sideways. Was it different this time? Would we just trade sideways and Bitcoin would take all the investments? We should have known the Alts would eventually follow. There seems to be a well worn playbook for these cycles.
What about the Memes? Us humans are innately greedy folks and always want more, so as expected some Memes have been making their moves. Some like Dogecoin defy belief, as there is no underlying value that I can see. $56 Billion tied up in a joke Meme coin! That my friends is nuts.
It gets worse though. Introducing..... Fartcoin
Yes, it actually exists.
Worse still, it is #89 on the Market Capitalisation list with 1.28 Billion dollars tied up in it.
These Meme coins will make some millionaires, but will also destroy many stupid enough to risk their hard earned cash on utter speculation.
What about Hive?
Hive is off to a nice start for 2025, gaining 45% already. I'm hoping that this is just the start, and it brings Hive to the attention of more and more end users.
The beauty of Hive in comparison to Doge as an example is there are only 500million Hive in circulation vs 147Billion Doge. What does that mean? Well it means there are 294 times more Doge tokens, so every Hive you have is much more rare.
Then there is the market capitalisation. Doge is at 56Billion and Hive is at 273Million. That's 205X for Hive if it ever reaches Doge levels.
That would be some life changer. Is it likely? No. Is it possible? Yes.
If you asked anybody about Doge back in 2020 and where it could get to nobody would have said what it actually did and for me Doge had no intrinsic value, so who knows what the future hold for Hive?
2025?
The next target should be to hit $1 Hive again and all indicators are pointing in this direction.
We need to go back to early 2022 for the last time we enjoyed $1 Hive.
This time, I wonder can the all time high be taken out?
That's a 6x from here folks?
Is that over ambitious?
No, I don't think it is.
I think it's quite possible to see in 2025, ai really do.
This Bull run will start to attract in new entrants who were too young to take part in previous Bull runs and boom bust cycle and the patterns will continue to emerge.
2025 could be a very good year for many across Crypto.
This is not financial advise. It is just my opinion
Peace Out
