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RE: Daily Crypto Markets Live Blog: Hive Holding Above 80 Cents (09/5/21)

in LeoFinance3 years ago

Hopefully September can remain kind to Hive and we maintain 70 cents.
By Monday across the world and Tuesday across the states
we will see where Hive is heading

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Prices are really unpredictable but I hope the pump in HIVE prices last as well.

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Let's hope so! I think this 2nd semester is going to be very good for crypto as a whole and Hive should be no exception

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Are there predictions of hive reaching 10 dollars do you think possible in the short term?

I doubt that very much, but all things are possible. HIVE is a very different place than it was when I first joined. Innovations are happening daily.

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I really feel like it will hold up around 70 cents and then hopefully start to grind upwards again like it was doing before this pump. With the other projects being delivered by years end (3Spk, HAF, and hopefully ProjectBlank) there really should be a lot of fuel to keep this thing moving. There are potentially a LOT of new users that will be getting exposure to HIVE, not to mention all the #Splinterlands players that have recently come on board.

With all the HIVE leaving the exchanges, it shouldn't take a large percentage of these people buying in to keep us moving in the right direction.

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Yes, let's see how it turns out, I don't know, I think Hive I've already had a bit of correction, but let's see if it hangs on at this level and then it explodes.

Yea, I agree. All the development taking place is eventually going to take us there but I think it's going to take a while

Slow but steady!

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With all the HIVE leaving the exchanges...

This could be a double-edged sword in a way from how I understand things. Sometimes speculators can be beneficial. I am sure there are those HIVE maximalists that would disagree.

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Speculators can pump a price but they're really never beneficial to it's performance overall. All they do is add wild volatility. The only meaningful benefit is the possibility of them adding visibility to the underlying asset. If the speculation gets HIVE into the mainstream news, then, yes, I think that would be a positive. But just pumping the price over a dollar twice a year doesn't seem like much of a positive to me.

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On a completely different topic I did check out that PulseChain that you have been mentioning. I am not finished my research yet, but there is some buzz about it. Looks like it is closely connected to $HEX and its founder.

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It's completely connected. The reason for PulseChain is because of what the ETH fees are doing to HEX stakers and the ERC20 markets in general. As Richard constantly points out, crypto was not invented for the miners and exchanges to get rich. Which is exactly what is happening with these outrageous fees. It was created to get away from centralized exchanges and third-parties (i.e. middlemen). Ethereum is slowly selling out to the legacy system. Pulsechain fixes this.

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Yeah so but if he's so turned on what can we expect?

I'm looking forward to seeing these news.

It's possible, but I don't think it's going to happen in the short term

It's not even desired, in my opinion. I think we must grow on solid foundations and we're doing it but it will take some time

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No in short term for sure. Maybe 5 years down the line. It could happen anytime if we keep the development going on. There are no reasons for Hive to fail in the short term or long term.

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I hope so, everyone points to September as the month that many currencies will take a good leap

Hoping for the same @pouchon. 70 cents is a cool mark. Suddenly my author rewards have grown. I would like to keep it as it is for a month or two. 😁 And then $1. Amen!

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