Don't bag that hive

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We've all seen the price of hive kicking these few days with most attribution given to the bull market run in general. Actually it had been in the $0.3 dollars region for a long while until this recent break into the $0.4 dollars region. The question of how long can it stay within that region?, will there be a price retrace or an upward trend from here has been asked by lots of crypto and hive enthusiasts?.

Many may have the intention of selling off their holdings from here to take profit but I will advise, let it not be you. Don't bag that hive, the future of hive is worth far beyond a few cents. There is a need to always understand a project so as to know the possibilities of future price. In short, to add more to this, hive's future goes way beyond price and you'll really be privileged to be one of its early adopters. So yes, you heard me right, $0.4 dollars is not a take profit zone.

When looking at the hive network in general you'll get a glimpse of what I am saying. Hive being a decentralized socialfi (social media and finance) blockchain has a lot to offer. The consensus mechanism of this network is worth your attention.delegated proof-of-stake (dpos) system helps in the governance of this chain.

Every user has a say on who to choose as witnesses through voting power as long as you have some staked hive(hive power). The advantage here is the elimination of centralized control, something that web 2.0 users are missing and when their eyes are fully opened to the need of data control they'll have to move elsewhere. So where is the elsewhere currently except web 3.0 and one of the platform that will offer the best of such services will be hive. Value is coming through massive adoption and stakes.

We have seen lots of development in the hive front ends who are tirelessly pushing this ecosystem (digital) to its next phase. One of such is the inleo ( formerly leofinance) . We have seen these developers continue to add lots of innovative features. This blockchain is gradually announcing itself going way beyond just socialfi.peakd, Esency, 3speak, dbuzz, liketu and several others are still frontends in this ecosystem.

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Hive native token and HBD are game changers

I have to admit the advantage I see in the hive blockchain when pairing its native token hive with Hive backed dollar (HBD) as their stablecoin. What to observe from here is innovation paired with economics (price stability) during uncertain days. Users can stake their hive (hive power) to add more value to the system. Being an open source network, this in the process will continue to drive innovation in this chain.

We have seen numerous projects kicking up from this ecosystem and showing positive signs. The hive backed dollar ($hbd) helps to promote fair value purchase in case one needs to store up some for annual percentage return (apr) or perhaps spend on daily living. The need to understand that innovation plays a key role in the future of blockchain technology is enough proof that hive is heading just the right direction. Adding to that, the staking process is already rewarding meaning that investors definitely will flock into this ecosystem.

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If you give a clear study of the hives price chart till date, you'll realize there were times it was trading above the $3 dollars price mark during the 2021 bull market. We all saw the deadly bear market season sweep the cryptocurrency industry dropping the hive price value to just a few cents. It traded to even the below $0.3 dollars yet you must acknowledge the resistance shown by the developing team and hive faithfuls who have refused to empty the bags. As I will usually say, innovation outweighs price and if there is anything certain to scale hive indeed innovation must not be undermined. The web3 technology behind hive chain has proven to be a project that will be adopted in the future.

Hive is beyond socialfi

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We have seen the inception of several projects like gamefi when talking of gaming in splinterlands and decentralized finance (defi) projects. Aside from that, we have seen the hive network serve perfect in terms of transaction security and speed. Three seconds has been the transaction speed in this chain and adding to that, there is no transaction fee attached.

What happens if businesses starts accepting hive as a means of payment taking advantage of both the speed and time. Moresore, you could leverage your hive in the chain by investing for more curation authority in the process. Does all this look complicated? I must say it's not easy to put up entirely what hive has to offer in just a single post. I see hive leading in the future of businesses in terms of transaction and investment for equity, socialfi and gamefi in terms of decentralization and rewards going way beyond price.

The need to grow your hive holding may be an opportunity of a lifetime. The interesting thing about technology is that you can't just stop it especially when it has what to offer, and I see such potential in the hive network. It has listing on reputable exchanges just for the in case. What do you have to say?, is hive worth the long run? Proper research may give you the needed investment confidence.

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To conclude, let me add, I have been taking some time now to look at projects that have long run potential and I believe hive is inclusive. The need to understand the ecosystem and tech behind hive proves its worth more than just a few cent. Aside from market price, the innovative moves by developers here will eventually surface this network as one of the best. So as I earlier said, I would suggest you don't bag those hives, opportunity awaits if you invest.

Posted Using InLeo Alpha