This Hive Power Up Day is different. The general feeling online seems quite negative, so much so that even though today is April 1st, nobody is joking about the Power Up done during the 24-hour HPUD event. Earlier I asked the community what they thought about making a joke and the answer was direct: "Better not". Therefore, I will participate in the event and comment a little on this confusing scenario we are going through.

I'll be much appreaciated if you Votes, Reblogs or give any Tips. Thanks and have good reading! 🍀

Crypto Scenario

Furthermore, we have the whole issue related to the crypto scenario. Earlier I also read a comment pointing out that a large portion of altcoins are already close to their all-time high (ATL). When Bitcoin rises, they rise a little, riding part of the BTC gains. However, when Bitcoin falls, altcoins fall more than Bitcoin. It seems the market is on a downward spiral, only going down, with some small moments of sideways movement. Several projects that were heavily involved with crypto, having most of their funds in crypto, are closing down because they can no longer withstand the bear market.

Several tokens and projects that are still "surviving" are nearing the point where they will also reach their limit, and there will be no one to save them, forcing them to make the difficult decision of closing their doors or putting their own money into keeping the project alive. Many people involved in the crypto universe in general are leaving, which makes everything worse because the goal would be to attract more people, and that's not what's happening.

You may notice that lately when the token goes up and you see a green color, it's actually the token returning to its ATL (All-Time High). Which is very strange to think about and even talk about, because it doesn't make sense...

Hive & Power Up Day

The token price, which was at $0.50 or $0.30 not long ago, is now 10 times lower, trading at $0.058. And even though the drop is 10x, returning to the previous value is much more difficult, because the token price needs to increase much more, with a much larger volume of purchases to increase the market cap, since as time passes more Hive tokens are created, which generates inflationary pressure.

They say that opportunities arise in these moments, but that voice in your conscience wonders if it's true or not. The world is so crazy, with wars everywhere, and in theory BTC, which should be a form of security, ended up being impacted and suffering along with it. Well, today's event, called Hive Power Up Day, will show us the strength of a community that hasn't given up in the face of the adversities of the scene. On this power-up day, I achieved the minimum power-up of 10 HP to earn the medal and mark my participation.