Hive getting closer to 50 cents every day

By Bala | Bala | 18 Mar 2021

Usually, whenever a pump happens, it usually happens rapidly as a big pump and a dump followed by that. When something like that happens the price of a token will not sustain for a long time. I really like the way Hive has been performing for the past few months. Ever since BTC had its pump this year, the altcoins are also showing some good signs of pumping.

Well, that cannot be the only reason for Hive's pump. Leofinance is a major contributor I would say. Leofinance is leading the way showing us how a community should be and it is also attracting new users from the big world of the internet. If we look at the new user channel in the Leofinance discord server, we will be able to see so many users popping up every single day. The recent CUB launch has also increased the number of users joining Hive.

Good things about Hive price

One good thing that I like about the price of Hive is that it is gradually increasing and not having any rapid pump. If there is a gradual pump it always brings good fortune. Even if the market falls, the coins that had gradual pumps survive for a longer duration because the correction would have been made slowly.

We have to be very happy that we are early adopters of this platform. There have been many hurdles we had to cross in the last year every since we forked out. I'm glad that we are now becoming more like a platform to build anything rather than just a blogging platform. Some great minds have already proved this fact by creating wonderful things like games, forums, Twitter alternatives, etc from Hive.

As the platform is still in the early stage, we will all be lucky to reap some good profits if the real world starts hearing more about Hive. Today we have not created enough awareness but this is not going to be the case in the future. There are people already very active in social media channels talking about Hive.

I personally feel that games on Hive is a great revolution. I suspect that there would be a lot more games coming to Hive. If we can attract some real game developers, they would be interested to use Hive Engine NFT capabilities in their games. This will also bring more people from the outside world into Hive.

Will you sell your hive?

I noticed that many people have already started doing a power down getting ready to sell their Hive if the price pumps over 50 cents. There is no surprise that it will be the strategy of many people. I might as well do something like that for the liquid Hive that I have. I already sold a little hive when the price was 39 cents which were a few days back.

I'm not saying that Hive pumping to a decent value is a rare event but there is no harm in making use of this opportunity to book some profits. Looking at the rate at which it is gradually pumping, too much dumping shouldn't harm the price. If the price crosses 50 cents, I would be selling some Hive for sure and buy them back if the price goes down again.