We are in crypto winter and we are not sure how long it will be like this. It's a market and no one can predict it exactly because it's not in our control. Although we cannot control the market in this situation there are things that we can follow to make the most out of this available opportunity.. yes I call it an opportunity because this is the time when we can build with patience and wait for the right time to book the profit. We have to understand that there is no easy money in the crypto market as people expect. Maybe some people get it but the percentage is very low however based on my experience I don't think that crypto is a segment where we can earn easy money.
I believe in the hive and currently, the price is approximately $0.29 whereas its all-time high price is $3.42. Can we see it going there again? My answer would be yes because this project has potential and currently it is very low because of the market effect once things will start to improve then we can see the price going up easily.
Hive is a better buy Now
Those who believe in the project for the long term can buy at the current price but I expect that maybe they will be another correction in the price soon. This may happen but maybe this does not happen so if you are trying to buy some then this could be the right price point to go for. It is always recommended not to buy all in one go because you never know if the price goes down then it can help you buy more at the lower price. Hive is not like other crypto coins and I have long-term with this. I am trying to accumulate more hive power in my account. Currently, I have over 16k hive power and I am planning to make it 25k by end of the next year 2023. My goal was to have 15K HP by end of 2023 and I did it will on time. Even I have decided on my next goal which I will be working on throughout the year in 2023 to achieve. I will need to add approximately 9000 HP in the next year to unlock the 25k HP goal.
Hive price expectation?
We can expect that if the market stays like this then probably we are going to see more dip in the hive price. Maybe it can go down to $0.20 but beyond that, I don't expect and if it reaches there then I will try to buy some using Fiat. Some Indian exchanges have enabled the option to deposit Fiat currency so this will help me buy more coins as I do not have any other crypto to convert against the hive. I am not sharing any financial advice with you but it is just a thought based on my study and I can be wrong. I hope that during the cryptocurrency winter season I can accumulate more tokens in my wallet.
A lot is going on in the market after the ftx collapse but it is expected that things will start coming back on track. There is a lot of development going on the hive platform and even splinterland is one of the fantastic games that we have on this blockchain. It is obvious that we are going to see more people joining the platform and that will result in price appreciation in the long run. I believe it is clear that whoever is looking for easy money then this is not the place for them but if you believe in the long-term aspect of the investment then it is one of the best options available in the market.
Thank you so much
Stay Safe
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