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Charting Hive from it's all time high until now

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bearbear613
@bearbear613
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It's been a while since I have analyzed HIVE blockchain. Are we do for a pump along with the other crypto's? Are we going to stagflate like the current Fiat shit-system all countries are currently in?

Let's take a look:

I posted this just yesterday and it would seem HIVE is finally getting a little of that trickle down effect from BTC.

BTC is busting towards that 16K USD. It is up 2% from yesterday. HIVE was up 6% and now another 9.6% as I write this. That's actually a pretty good return the past couple of days. %15.6 would be amazing take-away but this is CRYPTO. We want 25%-30% with such speculation! So my take-away is HIVE is poised to go higher! Music to everyone's ears right?

Using a big crayon the YTD (year-to-date) numbers look FUGLY. BTC in terms of SATS we are way way down. Currently we are trading about 805 SATS. Not great but we will recover to hopefully at least 1000 SATS in the not too distant future.

Even in USD it's pretty bad compared to it's all time high of around 0.90 cents USD. If I am going to be optimistic and BTC continues it's upward path I would say HIVE will reach 0.20 cents again. With crypto there's fundamentals and there's mostly speculation. So what are the fundamentals with HIVE? Layer 2 is still developing, projects like LEO are branching out. It's pretty clear by now that dAPPS and other crypto projects will heavily rely upon Hive's graphene 3 second approach. Utility is the the layer underneath but what will run on it is more important.

Let's face it, with an ROI of -51.07% we have a long way to go!

I'm cautiously optimistic; but in bull markets you are almost assuredly guaranteed HIVE will go up in USD terms as it benefits from BTC holders moving around into alts. As you can see yielding %16 in a couple of days can be even more lucrative then big bucks in BTC. It's cheaper to do so!

So I think we are on our way up! Just enjoy the ride with all of the alts!

I haven't given financial advice and it doesn't take much of a guru to see that everything is in the GREEN today.

Posted Using LeoFinance Beta