Posts

Crypto Analysis | Hive is starting to outperform Steem

avatar of @tobetada
25
@tobetada
·
0 views
·
2 min read

Good day Hiveians!

Join me in analyzing the crypto markets!

 

For the first time in a long time Hive is starting to outperform Steem again! Of course it is obvious if one compares the amount of development going on, the posts, the management... but this is starting to show on a price level as well. Finally! While this doesn't necessarily mean that we are leaving Steem permamently behind us (from a price perspective), I feel that a trend change is occurring. On a development level Hive is doing amazing: tribaldex, leo, cub, nftshowroom, splinterlands and the list goes on! It is basically a no brainer that this should be reflected in price.

So what's up with the charts?

Hive is climbing higher and higher and while the corrections are brutal (with up to 60%) the trend is clearly going upwards. As I pointed out in a previous post there is a resistance coming up at about 70-80 cents. Look at the trend line in the chart. So I think this might be a point where we could see corrections up to 30-40% again. The price should then stabilize at around 60-70 cents before going higher still. I expect this to happen in the next weeks!

So let's get back to Hive vs. Steem. First, the bigger picture:

It is clear that Steem has outperformed Hive since June of 2020. All in all about 120%! But there is more to the story. Let's have a more detailed look:

The last 3 months show a different picture. Hive is on par with Steem. In fact if we look at the last 2-3 weeks we see that...

Hive is starting to outperform Steem! Today it is especially interesting with Hive being up by 10% and Steem down by about 1%! In fact, we only need a 25% push to get to the same price levels. I think once we reach that Hive will start to outperform Steem in a big way (although there will be hard push backs as well). The trend, I believe, is starting to shift and we should all benefit from that :)

And by the way @lordbutterfly is managing a marketing campaign which should propel us upwards still!

 


As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!

⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅

Check out the Love The Clouds Community if you share the love for clouds!

⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅