Hive.blog platform after one year of integration. How does it work?
Introduction
When I think of Hive.blog the word "Progress" comes to mind, a kind of non-stop machinery in charge of producing influential ideas in all areas of knowledge.
That set of users who attracted by the cryptocurrency boom begin to discover the meaning of decentralization through a pooled network, undertake an upward trajectory in terms of content development where the interest to improve becomes a personal challenge that can come to impact their daily lives.
How has Hive.blog progressed in its first year?
Today the adoption of Blockchain technology through Hive, reaches practically all social strata as the tokenization of work comes to be seen as a profitable source of income where many people, according to their needs, find in a social media platform the sustainable economic model that can cover their basic needs.
Hive's progress can be determined through the work of the communities and the capture of new revenues. Also noteworthy, the administrative structure in making timely decisions aimed at back end improvements, witness functions, proposals on technology development and scheduling events such as the recent #hivemeetup public forum, streamed live for the entire community.
On the other hand, Hive.blog provides the opportunity to accumulate cryptocurrency on stakes which represents an advantage of any DPoS system, for purposes of generating influence and gaining greater attention on the curated benefit. This has made it possible for many users to see their growth throughout this first year and can plan personal projects of greater scope.
Fundamental Cryptographic Analysis
HIVE Token has a circulating supply of $371,968,555 USD for a trading volume of $20,532,696 USD, meaning that the activity on the exchanges and the amount of open orders at the time of writing indicates that many traders are betting their confidence in trading HIVE in hopes of a profit margin.
https://www.coingecko.com/en/coins/hive
The increase in the value of HIVE and HBD during this bullish season in the virtual asset market is remarkable. The positive fluctuation has allowed HIVE, the platform's utility token, to reach an average value of: $0.644279 USD with an upward trend which dictates that at any moment it could advance to a higher figure according to the market reality.
For its part, the HBD the deposit currency with which rewards are currently being paid, charges an equally ascending value of: $2.12 USD which acts as a guarantee that the internal market exchange will securely strengthen the native HIVE token and therefore the stability of the ecosystem.
HIVE market capitalization
If we do a fundamental cryptographic analysis of HIVE Token, we have a market capitalization of $239,651,553 USD, which corresponds to a small-cap range. In the forex market, investing in HIVE can perhaps mean a high-risk investment, however, thanks to the platform reliability, the match it keeps with the current bitcoin fluctuation, the HBD deposit strength as a protection token and the possibility to buy large amount of tokens, it could generate a great return with reasonable profits as long as the market continues with a bullish behavior.
HIVE Liquidity Token
Recall that HIVE is a crypto with high liquidity and is traded on most major exchanges. This indicates that the ease of buying and selling is high and reliable, as trading with an easy-to-manage currency allows you to take risks in the same way, that you can consider selling at the time of a sudden price break.
Note: The information contained in this post does not, under any circumstances, correspond to any kind of financial recommendation by the author. You should consider doing your own market research.Final thoughts
Hive.blog is just a year old, a blockchain that in such a short time has created the efficient organizational structure that allows for ecosystem balance and stability of the native token, in perfect symbiosis with the growing demographics. There have been great advances in platform technology such as those derived from the last event organized by the #hivemeetup community, where proposals were made in the development of DApps, Token launching, community association, etc.
Just as I mentioned at the beginning of this publication "Progress" an unstoppable contribution of tangible advances with a vision for the future, which according to my criteria, is indicative that the platform will surprise many in the medium and long term with adaptable solutions and system scalability.
