Rising Tide Lifts all Boats!

Its been a while I have written anything about price of Hive. Yeah, we all know it. Even with sort of a bull run of alt-coins, not much have happened to Hive. No, I am not going to talk about 'why', as it is not important. For most of us, who have been around here for a while generally have a good idea on 'why'. But lately, over the last month or so, I am observing that we are not going down to 10 cents anymore. Although, there is not enough volume, but still Hive has begin to put in higher high and higher lows. That is the definition of uptrend.

I am not going to say that TA will be meaningful for the price of hive, as it is not. That being said, this rounded bottom is hard to ignore. As of today Hive is beginning to push for 18 cents. Believe it or not, that is nearly double from the lows.

Use Case

Lately I have been looking into a whole bunch of defi tokens, mostly, Pancakeswap (CAKE) on Binance Smart Chain, HT of Huobi's HECO chain, TWT or Trust Wallet Token, and few others. They all have much lower fees than ETH. Each transaction typically cost less than 10 cents. They are all much better than ETH in terms of fees, but not free like Hive. Use case of most of these tokens are to generate a daily return for the holders. We often forget that Hive does that too. We get a bit of inflation just by staking it, and in addition, as we write content to get a bit from the reward pool based on people's vote (yes, we must work for it). Also we vote content or delegate to a curation project to get some additional return (we typically don't work for it, personally).

If I look at my hivestats, I get about 7.3% APR from curation, that I do manually some and follow a trail of a curation project called @curangel. I know most will say, that it is not much and my HP can be used better. Although I will agree, but I often vote manually for fun and to encourage others, and to me it is not always about the return. In addition to that I delegate HP to three curation projects: Curangel, Quarator and OCD. Their combined return, per day, is usually above 100 hive. I am not going to do the math and combine that earning with this one. However, as most curation project give around 15-20% to the delegators, I can guess, my combined APR will be somewhere near 12% or so. I am perfectly satisfied with that, as hive is not my primary source of income. Not even my secondary..

This was a long-winded tangential way to get to the point that Hive as a platform is doing defi as well. Since we are generating a return based on our investment (some of us are generating it even WITHOUT investment), it is “decentralized finance”. Since, I mentioned, "without" bit, we are actually much more flexible and lucrative than conventional defi token. Try to earn some CAKE, without investing, eh? Can you?

Disclaimer: This is NOT professional advice, this is all just my own opinion and experience. I am NOT a Certified Financial Adviser. Consult professionals for any financial, accounting or legal related questions you have.

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