For the past one week, I have been observing the price of Hive. A few days back the price was very good where it almost hit 15 cents. There was also an instance where the price also had a sudden pump due to some heavy market activity. Though a pump like that is always good fluctuations are very good for the traders. People who are doing daily trading might find this very interesting. I was also able to purchase some Hive for a cheap rate with the HBD I had.
I was thinking that the low days are gone and the price had started picking up. I was also having a small thought in my mind that it shouldn't be a nail-biting moment to have not invested in Hive when the price was low. I was still in the idea of investing a little on the hive at least until I reach a stake value of 20,000 HP in total. After seeing the price going down, I made a little purchase.
Now the price of Hive is almost 11 cents creating a good opportunity for the investors who are planning to hold it long term. I'm sure this wouldn't be the permanent price of Hive. But if in the near future Hive pumps it is going to be a great deal for us.
Why should we invest in Hive?
This is a very common question that people can ask if we talk about Hive price. I'm sure many people are already getting started on Hive at least on the Leofinance community where I see many new members emerging. But there are some strong reasons why we will have to stay invested on Hive. I would like to share some of my thoughts here.
Earning from blogging
Though there are many revenue models available for earning through blogging, Hive is something that is unique. Of course, it is a copy of the rewarding model from Steem but it is considerably unique compared to all other rewarding models available. Most of the rewarding models are centralized like Google AdSense which can be enabled on blogs to generate revenue.
There are a few platforms available that provide similar earning opportunities but the rewarding model is a bit different.
Hive Games
There are many popular games on Hive that acts both as entertainment as well as a passive income opportunity. That is one of the strong reasons why we can stay invested in Hive. Though there are only a few games that directly use Hive as the main token, there are games that use Hive blockchain but use tokens from the sidechain.
Cryptocurrencies are in the early stage of adoption
This is the next fair reason to stay invested in the Hive. Today we all know how BTC bloomed inspite of the market fall in 2020. Many big whales have started looking at Cryptocurrencies and the potential of Cryptocurrencies. That is one of the strong reasons why we have to stay invested in Hive. When people see some concrete crypto platform Hive would be on the top list and investments would start coming in. When that happens the existing investors will have some good time selling their tokens for a better price if the market blooms.
Continuous development happening on Hive
Last but not the least, continuous development happening on Hive is one of the major reasons why we have to stay invested in Hive. Blocktrades and the team of developers are working really hard to bring some solid changes to Hive making it a great platform for tokenization, blogging as well as gaming. This is something that was missing for the past 4 years on Steem. The founder and the founding company did not do concrete developments to the base layer.
Now that Hive price is low again, it creates a good opportunity to accumulate more.
Posted Using LeoFinance Beta
