It will definitely go further til the end of the bull run but not much higher than 3$ in this move imho.
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It will definitely go further til the end of the bull run but not much higher than 3$ in this move imho.
sure everything is possible.
Compare to steem, we are again behind. I don't know it because of the weakness of holders or shorts and bad marketing?
Because hive has a lower supply as steem with the DAO fund + the stabilizer.
And price is around 50%.
Rest assured that Hive's unsatisfactory performance compared to Steem has nothing to do with fundamentals. We know for a fact that the former is fundamentally light-years ahead of the latter but the price doesn't show it.
There is a direct correlation between their price movements though and it can be clearly observed by overlaying the two charts.
The only difference is that Hive moves more dramatically.
For a long while I've had a suspicion that there is a certain someone or a group of people who don't want to see Hive prosper more than Steem and it might turn out to be true.
Just look at the chart. Every single time Hive has a signifficant pump the price is instantly crashed by 30-60% while when Steem pumps, it doesn't dump as much.
In turn this makes Steem stay above Hive and makes it look like there is more interest in Steem than Hive which couldn't be further from the truth.
Imho it's just Sun's crooked marketing technique to entrap noobs into a valueless shitcoin.
This can't go on forever.
I agree with this 100%.
But I would also think, steem holders ( special korean old ones) not retards.
I think at some point they flip ( or do already) for hive. They like the technology.
If you compare the exchange rates steem/hive. It bounces most time from 1.7 to 1,0. It's very interesting. There are good trades were made, besides this, it shows as a huge buy opportunity every time steem overperform.
And with this in mind + all dapps are on hive +ü active development, I think it can be a mega year for hive.
And even more interesting IMO, pump for steem and hive always start on Korean exchanges.
Think about it, that shows the market is still very very little. Demand can become global at some point :)
We should IMO build a closer connection again to the Korean community.
Steem is the ultimate Hive miner :)
Milk milk milk
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2021 is definitely the year for Hive to shine!
Korea pump is indicative of last cycle repeat as that's exactly where the money flown into Steem when it went to 8$ last bull run. I expect a reapeat for both Steem and Hive plus an aditional few X's from last ATH.
I agree, this space is so little it has tremendous upside potential growth which we're going to materialize with our collective efforts throughout the years.