Did Power Down Cause the Currency to Decline?
The Hive coin recently started gradually, but the biggest rise was last Thursday when the coin crossed the $3 barrier and reached one of the top 100 coins in MarketCap.
This rise that occurred was the result of the development that occurred in the network, and this was the natural thing that was supposed to happen a long time ago, because the price of less than one dollar was not fair for a network of this size and all the capabilities that we have reached.
It seems that NFTs are promising for any network or game, after we entered the world of NFTs here such as Crypto punk and also the game Splinterlands and a lot of great projects here on the network.
Currency Depreciation
The price of the currency today began to decline, reaching about 2.32, down by about 6%, after the currency price was about 2.5 and approached 3 days ago again from 3 dollars.
I expect that the reason for the decline is Powe Down, which was certainly done by a lot of users who did not have enough Liquid to get some profits when the currency rose and reached about 3.5 dollars.
Now that a week has passed since this historical rise, the payments may have arrived to those who made the Power Down and with the sale, the currency price has fallen today.
Perhaps this is not the reason, but a correction or a return to the decline again after the bitcoin fell today and most other cryptocurrencies also fell by a small percentage, but the red color has covered the market.
We should not be afraid of this drop or any other drop. We went through a lot of difficult stages in which the price was less than 20 cents, but in the end, the price rises again and this is the case in the cryptocurrency market is not always in a state of rise and it does not last long in landing.
So it is important to be well aware of what to do when the candles are red and also when they are green.
