Want To Read My Prediction of Hive Price
Hive is a decentralized platform that began as a social media platform that rewards users with Hive and HBD.When people see today's price chart, they should also see the price in its early development. Hive is the hardfork of Steem. The majority of Hive witnesses and supporters did not agree after Justin Sun centralized Steem.They performed a hard fork on the Steem network.The new network was called Hive.
The decentralized governance of Hive enables developers to submit proposals for future development. Today, there are some Dapps based on Hive, like Splinterlands, Dcity games, Leofinance, and some tribes and utility tokens. In the early development, some big investors might not have been interested in this platform, but the growth of the users and the stability of the network have attracted investors' attention. This effect has affected the demand for Hive tokens in the market.
Hive Price Chart From 2020
Date | Price | Date | Price |
---|---|---|---|
4/26/20 | 0.927 | 1/26/21 | 0.142 |
5/26/20 | 0.276 | 2/26/21 | 0.242 |
6/26/20 | 0.219 | 3/26/21 | 0.543 |
7/26/20 | 0.216 | 4/2/21 | 0.9 |
8/26/20 | 0.233 | 4/26/21 | 0.533 |
9/26/20 | 0.155 | 5/26/21 | 0.524 |
10/26/20 | 0.132 | 6/26/21 | 0.221 |
11/26/20 | 0.122 | 7/26/21 | 0.336 |
12/26/20 | 113 | 8/26/21 | 0.533 |
9/5/21 | 0.754 | ||
9/26/21 | 0.548 | ||
10/6/21 | 0.979 | ||
10/26/21 | 0.802 | ||
11/26/21 | 2.02 | ||
11/29/21 | 2.92 | ||
12/14/21 | 1.33 | ||
In 2020, there was a time when the Hive price reached its all time high. It was on 4/26/20. The price was $0.927. At the end of the first quarter of 2021, Hive was back to $0.9 after a prolonged bear market with a price of around $0.2. The lowest price of Hive in 2020 was on 12/26/21. It was $0.113. | |||
After reaching ATH in the first quarter of 2020, the Hive was bearish again. However, the lowest price was only $0.221 on 6/26/21. | |||
Hive price rebounced to $0.979 on 10/6/21. At the end of November 21, Hive dropped to $0.802. Hive broke the new ATH on November 21. It was on 11/29/21. The price was $2.92. | |||
There was a fact that was interesting to discuss. The change of the trading volume at ATH. | |||
Almost at all ATH of Hive, the trading volume increased sharply. In 2021, when Hive was at ATH, the trading volume was $121 million.On 4/26/21, when the price of Hive was 0.9, the trading volume was $104 million. On 10/06/21, the price of Hive was $0.979 and the trading volume was $1.56 billion. And, on 11/29/21, when the Hive price was $2.02 , the trading volume was $1.13 billion. Three days after that, on 11/29/21, the Hive price was at its highest price ever in 2021. The price was $2.92, but the trading volume dropped to $764.76 million. |
The trading volume at all time high
Date | Trading Volume | Hive Price |
---|---|---|
4/26/20 | 121,000,000 | 0.927 |
4/2/21 | 104,800,000 | 0.9 |
10/06/21 | 1,560,000,000 | 0.979 |
11/26/21 | 1,130,000,000 | 2.02 |
11/29/21 | 764,740,000 | 2.92 |
Analysis
This is my personal analysis. You can agree or disagree. At the all time high of the Hive price, there was a huge demand for Hive in the market that caused high trading volume. Because of the high demand, Hive has become a liquid asset.
In 2020, the all time high was $0.927 and in 2021, the all time high was $2.92. This is December 2021. How about the Hive price in 2022? In my prediction, the lowest price of Hive will not touch $1 because some investors who bought Hive at ATH will not release their asset below the price they paid for it. Besides that, $HBD stabilization will influence the supply of Hive in the market. HBD stabilization will reduce the Hive token in the market. The APR of HBD savings is 12% now. This will attract some Hive investors or users to sell Hive for HBD to earn passive income from saving. What do you think of Hive price in 2022? In my prediction, the ATH of Hive will reach $5.
Thanks for reading. I apologize if there are some errors in the database from my chart. I took all the data from coinmarketcap.