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I may be crazy but I just bought some Hive!

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@revisesociology
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2 min read

I may be crazy but I've bought a little bit more Hive recently - only 1200 or so, but I just couldn't resist what to my mind are the low, low prices.

I'm now up to 61K Hive Power - I remember looking at accounts who had THAT MUCH Hive a few years back agog thinking about just HOW MUCH that was, now it doesn't seem like so much at all, probably because Hive is now $0.12 rather than $4.00.

I've no idea whether the Hive price will go up from here to $0.20 or $1.00 or more, or whether it will go down or just shrug its shoulders and limp along at around $0.11 for the rest of 2021 and beyond - crypto markets are fickle, after all!

But to me $0.12 feels cheap, lower than a 200 market cap ranking feels derisory, and all in all Hive just feels undervalued.

I have this feeling that when more people start to dig around and explore the crypto space beyond Bitcoin, in the context of rising mistrust of governments and deepening crisis in the fiat economy, Hive is going to stand out as one of the higher utility platforms and tokens.

I mean let's face it - there is no other platform where you can stake, get rewarded for blogging and for playing games and make instant crypto transfers for free, this place just oozes utility.

So maybe I'm crazy, but I think another 1200 Hive at these current prices is not too much of a risk!

Then again maybe people will run a mile when they realise that this crappy blockchain persistently throws up faults like images failing to upload and the price will crash to zero.

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