Hive has been taking quite a beating in the market lately. You can see a pretty dramatic downfall from $0.35 to $0.26. We recently had a nice little pump back all the way to $0.35 and then gave it all back within 48 hours.
It's no secret that HIVE tends to do its own thing in the market. It's a super wild card. One day, Bitcoin can be down 5% and HIVE can be up 30% or vice versa. There really seems to be no rhyme or reason.
HIVE is a relatively liquid market to the size of its market cap but to other cryptos, HIVE is a pretty illiquid token. Much of the HIVE out there is powered up which means that any level of buying pressure or selling pressure can knock out sell or buy walls like the flip of a switch.
HIVE Drops Below $0.25, Time to Panic?
As humans, we are wired to overreact to everything. If there is a threat to our safety - or in the modern world, a threat to our finances - we tend to overreact and overcorrect for things.
When the price of HIVE or any crypto drops, people tend to panic. The mind races to the worst case scenarios and tries to justify any and all actions that are deemed necessary to survive.
For some, this means dumping on the downtrends. For some, it means buying more to dollar cost average. For many, it means questioning your resolve and belief in what you're investing in.
Does price really matter? The technology, community and applications built on Hive have done nothing but get better and better.
The Technology
The technology of Hive is unmatched in the crypto space. Tell me, where else do you see a blockchain capable of pseudonymous account creation, free TXs, near-instant block times and ease of use?
A recent Hard Fork on Hive added even more features and set us up nicely for a great future. A future - in my opinion - where HIVE becomes more desirable for applications to hold for Resource Credits.
I saw a tweet last week that asked why would anyone buy HIVE?
This is a great question to ask about any investment. It's what will either strengthen your resolve or make you go back to the drawing board.
My response to that tweet: nobody will buy HIVE.
Applications will buy HIVE. Apps like LeoFinance, 3Speak, Splinterlands, etc. will buy HIVE. In fact, all 3 of those applications are already buying HIVE.
I've always been a big believer in the second-layer and users not really using HIVE but using Hive as their backend.
Instead of learning how this chain works and trying to navigate the base layer, they'll use the dApps that have specific and easy use cases.
They'll play Splinterlands.
They'll watch 3speak.
They'll microblog on LeoFinance.
Then those 3 apps will hold all the HIVE needed so that their users can transact via Resource Credit pools. The technology is in place to make this happen, now it's up to the apps to grow themselves and find their userbases.
The Community
The community on Hive has been around longer than 99.99% of other crypto communities. The only communities that may rival it in terms of age are Bitcoin and Ethereum. Hive is one of the OG chains and its survived more than any other blockchain out there. It's been threatened. It's been attacked. It's been through a hostile takeover. It's been through several bear/bull cycles.
Through all of this, the core community has never left. In fact, the core community continues to build all the amazing tech and content you see on this chain today.
The Applications
As I said before, I think the applications on Hive are where things get really interesting. The average user could care less about how the Hive Blockchain works or the tokenomics of the HIVE token.
What they care about is using apps that benefit them and their walk of life. If they're a gamer, they want to Play-to-Earn on an amazing game that is both fun and rewarding like Splinterlands.
If they're a YouTuber or someone who likes to watch long-form videos, then they want to use an app that is both entertaining and rewarding like 3Speak.
If they're a finance fanatic and want to read, engage and create financial content, then they'll microblog and/or blog on LeoFinance.
The future of the HIVE token is in a mass exodus. An exodus of HIVE POWER from the hands of the individual and into the hands of the application.
Are You Worried?
I think a lot of us get worried when we see prices drop. It questions our resolve. It questions our desire to keep doing what we're doing.
But we've seen this movie replay itself time and time again: those who keep building, keep stacking, keep creating and keep engaging are the ones who cash in on the bull market.
So which will you be? Sell the bottom and run for the hills or strengthen your resolve and stack until the next top?
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io
Posted Using LeoFinance Beta
