First Week November What's New With Hive

in #hive-16792211 days ago

Every week I go over some of the key points about the hive blockchain that I feel are valuable and have been on my radar. This week is going to be an interesting one as I start to dive into direction I feel we need to start seriously considering.

First let's start with price action on hive.

This week has been rough when it should have in theory been a major success. Price action week over week has brought hive down another $0.02 which might not sound like a lot but that's a over 10% decline in price in just a single week.

This is all while bitcoin was mooning but to be fair most alt coins suffered the same thing and I though it was kind of interesting. Even though bitcoin moons the alts legit did nothing in terms of any real price action. As bitcoin has started to drastically sell off though so have alt coins. So we got next to no pump from the bitcoin positive action and only a loss on bitcoins negative action clearly showing us we are no were near a alt coin market.

I think a lot is going to come down to these elections. If Harris wins I feel like bitcoin still will do ok but alt coins are going to seriously keep struggling as the SEC and others continue to attack crypto on all fronts. If trump gets in though I feel at least there will be a window for alts to start to do well again as it shouldn't be as oppressive to the tokens but that will take time as a single president doesn't run the show as much as people want to think that way (it's not a dictatorship it's mainly the house and 500-1,000 people that make the real calls).

The other thing I want to bring up here is that hive is in a hyper inflation right now and this hyper inflation seems to stem from the high APR on HBD. Hmmm go figure what I predicted and said over a year ago and continue to say to this day is actully happening. It's honestly just basic math here which for whatever reason seems to elude the current top 20 witnesses or at least the majority of them.

With still hyper expenses happening on the DHF and HBD kicking out 15% APR which most gets converted into Hive we are seeing a point in which we are about to cross where hive inflation becomes higher than expected.

I took this screenshot from @dalz latest post which you can find here: Hive inflation Nov. 2024

What we can see is we are about to cross over that line again in inflation where hive was worth about $0.11 and honestly that seems to be the direction we are headed. The over hyper inflation of the token with the way things are currently going if kept unchecked will put us again at $0.11 or less in 2025 in my opinion.

Goals

$HIVE

Goal: 250,000 Current: 120,049

Week over week we added in another 375 hive that was powered up which is just a bit over the half way mark goal I have of 100 hive per day. That puts us at a little over 53 hive powered up per day. Which crazy me forgot it was Nov. 1st and didn't power up enough have that day I don't think because I power up every day lol.

Hive is getting easier to accumulate and honestly if prices go back to near $0.10 I most likely will be inclined to convert all of my HBD into hive at that point. Even if I did it now it would push me a lot closer to my goal I currently have.

HBD

HBD just accumulates at the moment I see no reason why not to keep stacking it when it's at 15% APR which is still crazy. I personally feel it should be around the 5% - 7% mark which is lower then the hive earned for staking and curation rewards which is roughly 11% so more risk on the hive token so more potential at a higher APR over something you just stick in and forget about.

I think right now though witnesses have painted themselves in a corner where they don't want to reduce it because the every day users think of it as a negative like you're taking away from them. lol it's wild and blows my mind but it's just like a mini government with 90% dumb plebs.

$LEO

Goal: 150,000 Current: 148,849

Week over week I added in another 384 LEO or roughly 54 LEO powered up per day. With just 1,151 LEO to go until I hit my goal that would put me at 22 days left until I hit my goal so towards the end of this month.

I have a feeling though I'll be able to hit this a little faster soon. What will happen after that 150k? I'll most likely focus a bit more on DeFi and building stake in that again.

Splinterlands

Splinterlands will finally be getting land come early next year. Or at least it should be being that the DAO is now paying for it. This for me has shifted my focus a bit. While 1 million SPS is still goal and I'm moving quickly to it the other part of me now needs millions more in DEC in order to get all of these plots up and running. My focus will first be on the 100 plots I own with my keep and then expand from there. These plots are expensive to get up and running at around 30,000 but in most cases 50,000 DEC per plot. That's 5 million Dec needed of which I'm getting close to only 1 million DEC so far. I do believe I already have the cards for it as well.

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DHF is full of people who have figured how to use circle jerking to win DHF rewards, huge rewards, the rape of the DHF pool began almost immmediately and has shifted into overdrive. They accomplish nothing and make huge monies.

Ah Look at that. I was thinking the same. !LOLZ
Always people who don't mind working a system in their favor. #TooFuckeh

Where do Pigs go on vacation?
Boara Boara.

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@smallbites, I sent you an $LOLZ on behalf of fjworld

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Good stuff. Thank you for sharing.

I'm having a !MEME of a #FUN time.
May Positive pepEntropy be with you.

!LOLZ

It is raining so hard we may need an Ark
Luckily I Noah guy.

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If Harris wins I feel like bitcoin still will do ok but alt coins are going to seriously keep struggling as the SEC and others continue to attack crypto on all fronts.

This is the most fearsome thing, but the predictions so far and also vote percentage seems to be in favor of Trump though, let's hope predictions will be true.

What we can see is we are about to cross over that line again in inflation where hive was worth about $0.11 and honestly that seems to be the direction we are headed.

So, we are still heading down? If we take it in a positive way, it's a good thing to accumulate more hive and someone like me who has set targets for year end, I feel I can achieve the goals with more Hive per HBD.

Congratulations on almost hitting your goal of 150K Leo tokens.

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