Is HIVE crypto a good investment in 2022?
November 2022 update on whether HIVE crypto is a good investment and if now is the time to buy!
Spoiler alert: Yes, you should buy HIVE crypto now.
If you believed in Hive as a censorship-resistant, decentralised network before FTX drama crashed the markets, then why wouldn't you now?
Fundamentally from Hive's perspective, nothing has changed.
So with that in mind, Yes - HIVE crypto is considered a good investment through 2022 and into 2023!
In my opinion, HIVE crypto may just be the most undervalued coin and associated blockchain project in the entire industry.
Big call I know, but I’m standing by it.
While making investment decisions should always be entirely up to you and your own discretion, you will find me here every day practising what I preach.
That’s right, I’m actually putting my money where my mouth is.
Creating content, getting involved in the community, earning and continuing to invest in HIVE crypto.
With that little intro in mind, let’s now take a look at why I would consider HIVE crypto a good investment.
HIVE crypto returns to previous support
After an unsustainable, speculative pump above $3.00, the HIVE crypto price has now dropped all the way back to previous support.
While buying while times are good feels easier from an emotional point of view, it's actually the opposite of what you should be doing.
You need to take price pumps like this with a grain of salt.
I mean we’ve been here before, right?
HIVE does this.
The Koreans, oblivious to the true fundamental value behind HIVE crypto, coordinate pumps that look just like this.
The thing is, after the pumps, come the inevitable dumps.
But when price is dumping due to unrelated, macro issues in the wider crypto market - just like we're seeing here following the FTX exchange collapse - buying is the right move.
Like I said above, if you believed in the permissionless advantage that Hive has over other networks yesterday, then nothing has changed today.
But HIVE crypto.
The stats all point toward HIVE being a good investment
Whenever we see the price of HIVE move in either direction, it’s more often than not just moving in an algo driven correlation with our old friend STEEM.
Since the split, the market prices of each have been increasingly correlated.
But while prices may be correlated, the fundamentals of each chain couldn’t have diverted any further away from each other if they tried.
While Steem is now nothing more than Justin Sun’s personal database, Hive has become the go to blockchain for Web 3.0 dApp development.
Leading this charge and showing the potential in the Hive blockchain is of course Splinterlands.
As you can see from yesterday’s daily account creation stats, Splinterlands has changed the game for Hive as a whole.
You see, when you sign up for a Splinterlands account, you are actually signing up for a Hive blockchain account.
And in order to be able to interact with the Hive blockchain to play, you’re going to need the resource credits that come with Hive Power.
The result of this being HIVE being taken off exchanges like its going out of fashion.
When you combine the rate that both new accounts are being created and HIVE is being taken off exchanges, you have the perfect storm for a supply crunch.
With demand increasing and literally zero supply to fill that demand, price has only the one place to go.
Up.
Final call on whether you should invest in HIVE crypto
I’m going to stand by my call above that HIVE crypto could actually be the most undervalued coin and associated blockchain project in the entire industry.
With this in mind, then of course HIVE crypto is still a good investment in 2022.
If things do in fact continue to take off and run in huge multiples like we’ve seen other projects, then 2022/23 might just be your last chance.
And do you want to know the best thing about sharing my opinion around whether you should invest in HIVE crypto right here?
There’s not an affiliate link in sight.
No dodgy signature full of spammy links to exchanges or other blogging platforms.
Just clean content published exclusively to the Hive blockchain via the LeoFinance front-end.
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not leave a comment and share your thoughts on whether HIVE crypto is a good investment within the comments section below? All comments that add something to the discussion will be upvoted.
This HIVE crypto blog is exclusive to leofinance.io.
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Wow!
Thats an impressive pump to one dollar!
I had no idea...
I am happy for all the Hive faithful and I hope those with liquid Hive got to take some profits!
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That HIVE pump was just the entree for what's about to come.
As the Koreans dump what they have left, Splinterlands is just continuing to buy in order to create new accounts for their 10K+ sign ups per day.
Eventually, the Korean pump/dumpers run out of supply to sell and all that's left is demand.
When that happens, the only direction for the HIVE price to go is up.
You're a part of the Hive faithful too :)
Keep stacking and don't let yourself miss out.
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Well it looks like we are back at the old range. Do we know that it is the result of the korean exchanges pumping HIVE yet? Or are we assuming it because its the most likely scenario?
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Now that HIVE has settled back into the range like you've identified, it's safe to say that the rip to $1 was purely another low liquidity pump and dump play by the Koreans.
Good on them for taking advantage and making some serious money trading.
But that doesn't change the fact that all the on-chain data points to HIVE experiencing a huge supply crunch.
There just isn't as much HIVE on exchanges to sell anymore.
With this level of demand coming from Splinterlands, it is literally impossible for price to keep sliding.
Say the Koreans dump what they have left, Splinterlands just buys it to create new accounts.
Eventually they run out of supply to dump and all that's left is demand.
The result?
HIVE moons.
Just wait for it :)
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For me, I use to say that, the utility that hive offers is what makes it even attractive by default, I like the way the splinterland works with hive, it's always a win-win situation. As for hive as a good investment, I think yes" to some extent. A long-term holder will surely benefit even more I guess. Very educative as always. Well done.
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You're right.
There's no doubt Hive has utility.
But where it truly stands out amongst the crowd, is that its so cheap and therefore easy to take use.
I mean Ethereum has utility too...
But good luck any regular person using Ethereum to do what we both do every day here on Hive.
Keep stacking + powering up your HIVE and I'm certain that you will soon be able to generate a life changing income from your investment.
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Definitely, i've done that in over 3 years now, the fact is, hive provides choices for people, it's even going to be better when we have other apps that can generally do what projects like Splinterlands and leofinance is doing. Cheers!
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Hive will always be worth it and at 1 dollar it's still a great investment.
This is not about price speculation alone it's about use case and hive is satisfying it so far.
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I 100% agree.
We're a part of a vibrant and growing community of people who use dApps built on top of the HIVE blockchain every day.
That's only going to grow.
And as it does, demand for HP will grow alongside it.
I have no doubt that HIVE at $1 is still hugely undervalued.
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I agree with this 100%. There are many reasons why Hive is starting to make a lot of sense.
We will see where the price settles down at. Either way, with all the development, we can see a great deal of activity similar to what is happening now.
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Task, your blog is a treasure trove of information on why HIVE is a good investment.
I just had a sneaky look at your current HP balance and I think its safe to say that if the price of HIVE does get the major repricing that we both expect, you will be able to make truly life changing money from the event.
But best of all, Hive gives us the opportunity to generate an income from that investment.
So we don't actually have to dump our HIVE in order to make money from it.
This is the key ;)
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Simple answer hell yeah it is!
Longer answer, Hive is still developing and there's only a few apps on it. Now that we have one very successful one it should open the floodgates for more developers and projects to come on board. When that happens there is going to be even more demand on hive. That coupled with massive amounts leaving exchanges and no real way to get hive (because lets be honest it's not the easiest to buy right now) are going to make it drive up in price.
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Yep, I agree with both your short and long answers :)
Splinterlands has shown that dApps built on Hive can be extremely successful.
Picture a couple more Spliterlands built on Hive and nobody experiencing the insanely high fees that traffic on Ethereum based dApps brings with them.
All you need is HP which of course drives demand for the HIVE token.
In terms of a potential supply squeeze in HIVE, we've honestly seen nothing yet.
So exciting to be a part of!
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Relating to what you have said, we all know how this crypto thing works, it might be favourable today and tomorrow unfavourable...
Investments, mostly long term is not an easy decision to Make and its more difficult when it relates to cryptocurrency...
Since someone introduced hive to me, it has been an amazing experience and with what's happening since few months now, I should confidently say that HIVE is a good investment in 2021..
Thanks
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Just like every investment decision, the risks must be weighed up against the potential rewards.
In my opinion, the potential of HIVE right now farrr outweighs the risks of buying even at these prices.
As the account creation stats in this blog show, demand for HIVE is heating up.
And there's just not the supply on exchanges to fill that demand with supply.
When there's no supply left to sell and all that's left is demand, the only direction for the HIVE price to go is up.
It's actually exciting to watch this all unfolding in slow motion.
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Very accurate. Grain of salt indeed. An Article like this always makes me power up back my LP.
If we as community provide honest and obectively as possible information and analysis this site can go big.
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Thank you :)
For me, the key to investing in HIVE is that your HP stack can help you create an ongoing income.
You don't have to dump all your HIVE on these unsustainable price pumps to make long term money.
Powering up, creating and curating content is just the start of the opportunities available to put your HIVE investment to work.
This is what really makes Hive crypto a good investment.
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I am working here with my content writing from the beginning of this blockchain journey and I think it's a good investment at least in the long run.
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Earning HIVE by actively creating content for the community is one of the best ways that someone can build an investment.
You're the perfect example of this in action.
Your LeoFinance content is really good and helpful.
Keep up the great work!
PS. Unrelated, but I see that you're a cricket fan?
Congrats on Bangladesh just destroying Australia in that last T20 series.
It's actually cool to see how your team has developed over the last 10 years or so.
Now a really competitive team on the international stage.
Great to see :)
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Its my pleasure that you know about my favourite sports. Its 2-1 ahead for Bangladesh against NZ in a 5 match series going on. Hope to win this series against another giant in T20. The improvement in last 10 years was possible as we got couple of key players in the the team who are real match winner. Thanks
Wait until we have 2-3 more games like Splinterlands and 2-3 more communities like Leo Finance. Then everyone would go crazy to buy HIVE. 😒
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This :)
And best of all, the Hive blockchain will be able to scale and meet the demand.
Buying HIVE in order to power up and have the resource credits might not be as cheap though.
Keep stacking and powering up HIVE if you're investing.
It's going to be key to maintaining your place in these communities going forward.
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I am not investing much in Hive at this point and I am sad that I didn't do it when it was 25 cents. But I am not going to power down my author and curation rewards. Not at least for 2-3 years.
100%. I realized this recently - stacking Hive is as important as stacking LEO and other tokens. The success of each dapp, community, or project associated with Hive will add to its price.
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Well i think it's a good idea for an earner. i think the nature of an investor this may not work for. If you're a person who uses the applications that may be different.
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I think there's an opportunity for both active users and passive investors.
Both are going to benefit going forward.
Active users because HP will allow them to use the network and benefit from all the various earning opportunities.
Passive investors because they can either delegate or simply take advantage of the HIVE price appreciation as they sell.
HIVE is a versatile investment.
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Yea sure if they take the time to understand how to use delegations and use the hbd savings although im not sure if the returns are competitive with other crypto projects but sure if they take the time to understand in detail all the features and how to do that. Then sure some may find it worth investing in. if they manage to make 20% a year that's awesome in standard investing. in crypto investing it may be mediocre or average at best. So idk we'll have to wait and see
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The returns may not be as competitive, but they're certainly safer.
Safety of funds is something that gets talked up about Cub Finance a lot, but in reality, even the safest DeFi platform is a LOT more risky than HIVE.
It all depends what investors are after :)
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I agree with you. Hive has a lot of potential. It is not just a social network but a powerful blockchain with a lot of great Dapps. In addition to that "staking" (powering up) your Hive to receive more ressource credits and a bigger impact on the blockchain is a great incentive for people to lock their funds instead of dumping them hasty.
We can't say how Hive will develop in the next months / years. But I believe it will have a great future 🤩
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One of the exciting things about the Hive ecosystem is there's so much development going on and it's across all different industries.
For example, we have blogging interfaces, video interfaces, blockchain games and even defi platforms all being built here.
Like you said, we don't know exactly how Hive will develop because there is so much variety.
Really exciting for the future though :)
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