Finally, the Hive price broke 20 cents resistance and started going below that. It has been a very long time since I saw the price of Hive going this low. I remember seeing the price of Hive at 11 cents and not below that. But at the same time, I have also seen the price of Hive at the all-time high which is around 3 dollars too. Now our mindset would say that we would be happy to see the price of Hive going back to just 50 cents. Many people would be glad to know the price of Hive going back to 50 cents but I'm confident that the price will go far beyond that.
I remember seeing the price of Hive staying at around 17 cents for a very long time. I used to invest in Hive at that time. I was also able to purchase some Hive when the price was around 11 cents. Those were several years back. But after that, we did see a huge bull run and the price of Hive went way beyond 1 dollars and it stayed there for a longer period. Anyone buying very low can make use of the opportunity and sell it when it goes high again.
There was a huge resistance at 20 cents
I did not expect the price of Hive to go below 20 cents. I was hoping that Hive would start going up again. But today it was very sad to see Hive break its resistance and go below 20 cents. After it reaches the teen value, then I guess it can take some time to break and come out. It can even go as low as 11 cents again. The rule is only for BTC to not go below its previous all-time low. Hive is not that popular yet and it can take some time to reach that popularity.
The above chart shows the all-time value of Hive. It looks like the price of Hive was at its peak in early 2022 and it was around 13 cents during late 2020. I hope there should be one small hike initially and then a bigger one coming soon.
Usually, when the price starts pumping, it will either be Koreans or it will be some good news for Hive. We need something similar to that to get hold of the price once again. I wish I had enough stablecoins to purchase Hive as low as this one because we may not get this opportunity once again and when the price goes back to 1$, we shouldn't regret saying that we missed the opportunity when it was available.
No doubt about the future of Hive
I have absolutely no doubt about the future of Hive. During the early days, I used to wonder how all these pricing works and how these economics work. But after seeing a few bull runs, now I'm very confident that we can wait for a lot of time and see the price going up to the peak. We need a lot of patience to see that happening. At the same time, we should also have enough resources with us to invest when the price is very low. Now is the right opportunity to make some purchases. I remember making heavy purchases when the price was low back then. That's how I was able to accumulate 100k Hive power in total.
Maybe it will be great if I can have another round of goals for myself to work towards reaching another 100k Hive. With the current price of Hive, it should be possible to do such things. As long as the price stays low, I'm going to try and purchase some Hive very low and wait for the next good price to happen for Hive so that I can sell and book some profits. Currently, the demand for Hive is very low compared to the supply.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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Posted Using InLeo Alpha
