Current Hive price creates more confidence
I'm really surprised to look at the Hive price today. Even after a huge fall in the entire market, the price of Hive is looking very strong. This definitely means that we already have a new floor price set for Hive. This also makes me feel that the price of Hive may not go below 1$ in the near future. It is more like 1 dollar could be the new floor price for Hive.
I'm also curious to think that in the coming months, Hive might reach even bigger heights. There is a high possibility for the same. If people have stayed here for a longer period of time, we all know how the price of the coin was and how it is right now. Nobody would have expected it to reach the 2$ mark when the price was actually 11 cents last year. I was a bit confident and bought some Hive at the price of 19 cents. Not much though but it was a considerable quantity of Hive. I'm really very happy to look at my wallet value right now.
In spite of the huge fall that happened today, the price of Hive is staying very strong and many people are still seeing this as a good buying opportunity and keep purchasing Hive. I was able to see the price stay strong above 2$ before it came below that recently. I'm also thinking that the price can recover back to its position if the whole market recovers. This gives us more confidence in Hive and it will also open doors for new opportunities on Hive.
Imagine the price of Hive hits 10$ soon, there will be huge investors coming to Hive and many big projects will be built on top of Hive. I'm really happy to be one of the top 500 investors of this chain. I really want to go up the ladder whenever I can so that when there is a mega pump, my wallet will have a good amount of money that will be sufficient for me to retire.
People are buying Hive even at the current price
When I used to talk to some of my friends here on Hive, they all feel that it is risky right now to invest in Hive. Even for a quick trade, it is a bit risky. The main reason is that we have all seen the price of Hive stay around 20 cents for a very long time. That's what gives us hesitation to think that the current price may not be a very good price to purchase Hive in long term.
What surprised me is that there are so many people who are buying Hive even at the current price. Their target is even bigger I suppose. I did book some profits at around 1$ mark. But imagine if I had held my Hive till 3$ and sold them there. The new investors are mostly having the confidence that the current price will stay strong and they will be able to see new heights when the price pumps and sell their Hive there. Whatever it is, I'm sure this strength that Hive holds right now is very good for the blockchain and it also motivates us to build many new things on Hive.
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Posted Using LeoFinance Beta
