When we look at the stats HIVE has had a slow year if we start comparing to other alt coins. Normally you can zoom out over the 12 months and HIVE doesn't look so bad, but unfortunately that is not the case now.
HIVE is ranked at 349 so saying we have a long road to climb is an understatement, but still we have to believe anything is possible from now until we see the ATH's next year. I would just like to see us havg more of a head start meaning we have less distance to travel in order to reach the ATH.
I do think HIVE can still do very well as most alt coins do perform even if they have nothing to offer and HIVE has loads. The biggest problem is HIVE ever makes the headlines and tends to fumble it's way through the cycle under the radar. We can always hope that at some point this all changes and HIVE can be recognized.
If we look at all the crypto's ranked in the top 350 there are only 50 that are still in the negative for the last 12 months and HIVE is one of them. This could all change over the next few months and HIVE does need to try and get ahead so we can start clawing our way back.
I did not realize how badly HIVE had performed until I compared HIVE against two other projects I am staked in. VET (VeChain) has done nothing much over the last 12 months and VET is up 43%. I think this highlights that all these stats are meaningless because HIVE is slowly gaining some momentum and could easily be in the green before the month end or early next month.
Like everyone else I am positive that HIVE can achieve a new ATH next year and believe we will all be left shocked again at how well HIVE does. Last cycle we went from a low of $0.08c and reached $3.41 so this time we have had a low of $0.16c so are double what we were in 2020 as a starting low. As a project we feel HIVE is undervalued for what it offers and does not get the recognition it deserves. I have been waiting for well over 6 years for mass adoption to happen and it still amazes me why HIVE hasn't grown like one would have expected.
I expect that next year we shall see the blockchain become busy again as returning users suddenly reappear which will signal the bull cycle has started.
Posted Using InLeo Alpha
