Hive hit its all time high in November 2021, that's last year.
Hive touched the $3 mark and it was sweet with the high point of $3.41 on November 26, 2021. And then things dropped. And dropped with a bottom at $0.35 in June 2022. Since then, Hive has posted slight but steady gains, until today's cliff dive.
Hive took a pretty good ride down from $0.49 to $0.41. That's about 16% decline in 24 hours and a 24% drop in the last 30 days. Is this Hive's fault? It's not, Hive is a great blockchain. Hive is an actual vehicle of commerce and development. But most of the world lumps all crypto into the same category, regardless of actual value.
And so, Hive follows Bitcoin, and Bitcoin was sucking wind today.
See the Coingecko chart below. Whatever Bitcoin does, Hive does. At least for now.
This may not always be true. If Hive is recognized for it's achievements as a blockchain and regarded for the value it delivers, then Hive might one day trade independently of Bitcoin. When that happens, to the MOON!
I am Methodofmad and I am bullish on Hive. My big buypoint as I stated a few months ago in this article Hive Below $0.50 was $0.42, so this drop has allowed me to load up some Hive today.
In addition to Hive, I invest in Splinterlands assets and crypto. Remember, free advice is worth what you paid for it!
Who else added some Hive today? Images courtesy of CoinGecko.
