I woke up this morning and thought to myself (Self) lets take a look at the past years growth of Bitcoin and compare it to the Hive Tokens growth within that same time frame. I also had the notion to check the most recent months (November/2024) stats of both Hive and Bitcoin. So here I am doing just that while sharing my thoughts on both tokens with you. How do you feel about it all? Still Bullish for cryptocurrency? Still bullish for Bitcoin? What about the Hive Token? NFT's, will the craze hit again? Is there another Token that has caught your wondering eye? Did you ran back to the mistress known as fiat? Sound off in the comment section below. I look forward to reading your thoughts on these matters or any other you would like to discuss.
Bitcoin One Month Graph
---------> Today's Date: 11/30/3034
Bitcoin is holding strong at $96,630 USD per Token. That is a 33.60% increase within a 30 day period. Lets compare the one month growth percentage to the one year growth percentage posted below.
Look at that; I mean just take a look at it. 156.15% growth within a year is nothing short of amazing. What's even more amazing is there's still plenty of room for growth. Can you imagine 3 years from now or how about what the growth will look like in just 5 short years.
Lets take a look at the Hive Token in comparison. Looks like the Hive Token has increased 56.42% over a one month period. I don't have the seven day graph displayed but that graph shows a growth of 17.68%.
Now if we take a look at the one year graph for the Hive Token we will see we are in the red for 17.18%. That is a drastic difference from BTC (Bitcoins) 156% growth. So what does this all mean?
Personally for me it makes me bullish for the long term health of BTC. The further Bitcoin pushes in the green the more public interest will peak. The further Bitcoin pushes in the green the more crypto-wealth that gets diversified into other cryptocurrency holdings such as the Hive Token.
(Royalty Free Image)
The 17% in the red over the past year for the Hive Token does not worry me in the least. When taking into considerations the recent months 54% growth I feel the opposite. I get thoughts that HIVE hasn't been hit with the BULL yet and the Blockchain, its many APP's and Tokens are going widely unnoticed. The time to stack the Hive Token is now as its only a matter of time before the masses / Bull set their sites on Hive.
-------------> https://hive.io/
Disclaimer:
The @rentmoney blog is for entertainment only and contains no financial advice. Always do your own research before investing any of your hard earned currencies.
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Hive will follow, the BTC profits sooner or later always get dripped down to HIVE ecosystem too.
At least I hope xD
Its certainly one of many possibilities.
Not only btc profits….
I'm not sure but if you catch wind as to wen, please let me know :)
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Assuming the price never changed from 96630.40 If spent 100% of my yearly income it would take me 96 years to buy 1 BTC. Sucks to be poor.
That's allot of years but luckily one doesn't need to buy a full token to participate. Earning HIVE for interacting on the HIVE Blockchain is a great way to build up some currency.
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Bitcoin is at its highest point and Hive is far from its highest point. But who knows, maybe the wave is coming our way.
Many possibilities, fingers crossed some of that new found BTC wealth dips into the Hive Token before an eventual BTC dip as HIVE might follow any potential dip.
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