Maintaining the spirit of HPUD and Hive now below 10 cents.

Maintaining the spirit of HPUD and Hive now below 10 cents.

I just checked the Hive price on Coingecko and price of Hive is $.09934, Technically, close to 10 cents but less than 10 cents. I feel it also break a psychological barrier that Hive price in double digits when checked in cents. This really makes me anxious about the current price if it can put more downward pressure on price of Hive due to Human psychology. Though the current downward spiral in price is due to the downward movement of Bitcoin, but issue is that Hive is not showing the expected upward momentum when Bitcoin shows the upward momentum.

In all this, I forget to explain the HPUD or Hive Power Up Day. If you are veteran here than you already know that first of every month is celebrated as Hive Power up day, where the spirit of powering up Hive is celebrated. In short Hive is staked in account and Hive is now become Hive Power. It is Hive Power of an account that matters in Governance decisions, and earning through the staking and curation.

[Source: Hive.io]

Anyways, the current price of Hive is not deterring me from doing the power-up of the Hive today.In other words, this provides an opportunity to buy more Hive for a Dollar and help in getting more Hive for the same amount of the dollars spent. Apart from the price action, Hive is really a community blockchain, with zero transaction fees, which can be used to build various types of dapps, including games. Layer 2 of Hive shows the massive potential, but unfortunately, it is not officially tapped. I feel the official creation of Layer 2 will not only encourage developers to build and tokenize their dapp on their own terms, but also their activity will bring more utility and traffic to the Hive.

Source

I have currently 342.645 liquid Hive present on my account, so I decided to power up today, This power will help me to cross the 37850+ Hive power and now very close to my 38000 HP milestone. I am also expecting this power up help me to reach that milestone in first week of December.

Hope you are also powering up Hive today, to celebrate Hive power up day.