HIVE in a transition and winner of last contest for 100% LEO upvote. The contest is still open!
HIVE's honeymoon is over. HIVE ranked above Steem for first two weeks. Now, it holds mere 60% value of Steem. What happened?
HIVE is dumped by a community coordinated by an exchange. It is not inconceivable since that community is hostile towards HIVE from the beginning. They mostly supported Justin Sun and his actions from the beginning.
However, it is also an opportunity for strong HIVE believers to increase their stash. For example, if you had 10K Steem before this split and now after power downing your Steem, you will get 16.6K HIVE. Along with your airdropped 10K HIVE, now you can have 26.6 HIVE. If you had 20K Steem, then if you power down all of them then you can be an Orca in HIVE.
HIVE may suffer next two to three months thus dumping from that community and Steem supporters. After that, HIVE will have its own price discovery. Along with BTC halving, it may see some overturn on its price actions.
Moreover, community and devs have to work hard to add HIVE in as many as exchanges as possible. It will be a big shot to list HIVE in Binance and Huobi since their known friendship with Justin Sun.
However, there are many neutral and ethical exchanges out there who may interest in HIVE. KuCoin can be one of them, since they were intended to add Steem to support the community while we were fighting for our right.
Hopefully, in coming months HIVE will reach status quo with Steem in exchange-wise to upheld decentralization and fight against corrupt, shady and big-money authorities.
In the meantime, both devs and community should work hard to make it success through BUIDLing and blogging!
For example, HIVE with $33M marketcap ranks 241 in the coinmarketcap though it should be top 100. However, they have few other coins with similar marketcap that resides in the same ranking.
I am not sure but I believe they categorize HIVE with low activity coins and put it along with 200 ranked coins. It can be shady practice for them to select few coins to rank within a 100. Since Binance has acquired CMC, I would not trust their work. I would better recommend to use Coingecko which has more features and in-depth research for its listings.
I am personally powering down both my Steem and HIVE to play with this arbitrage. It is providing me a golden opportunity to make 100K HIVE in next couple of months.
Here is the winner of my last contest: @joshman. His blog "Are Crypto Platforms Like Virtual Countries?" is an wonderful read. I have autoset him for 100% LEO upvote and 100% upvote from 50K HIVE.
Unfortunately, he does not blog often.
I have also selected @blocktvnews for 50%, @no-advice for 25%, @forexbrokr for 25%, @uyobong for 25% LEO upvote only. It looks like my 25% upvote is more than 20 LEO as of now.
Due to low number of participants, I am keeping the door open. I am repeating the contest again for new entrants.
Here is my incentive for the new, aspiring and under-appreciated creators. You have to post your blog's link in reply section or, you can DM me in Discord with the same name handle, or simply send message in hive.blog (you will need 0.001 HIVE). I will check your post, if it satisfies my desired quality (very subjectve off course), I will add you to my 100% upvote list which is currently approximately 75 LEO. You will also receive 100% upvote from 50K Hive power too. For quality and length, you can check the blogs of the above mentioned creators. The bloggers from the above list and prominent HIVE bloggers are excluded from this offer.
I will regularly upvote 100% (once a day) your blogs as long as you maintain a standard.
My upvote will send your blog to the trending at #leofinance frontend, one of the popular front-end for HIVE blockchain. Moreover, your quality post will attract other LEO and HIVE whales who might also chose to upvote you. If LEO's price reaches to previous high level (e.g. 5 cents) or goes beyond, hopefully, it will reward you handsomely.
There is a couple of small conditions. You have to post your blog using steemleo.com interface. And, you should not sell LEO below 0.1 Steem but can sell at any price above 0.1 Steem. The buying pressure for LEO is still low and #leofinance is in a transition. Once it is settled and when LEO will be traded in external exchanges with the help of Hive Media Token (HMT), its value can rise significantly.
Once all the features of @hive-engine, other updates (e.g. HMT) and exchanges for HIVE will be settled, both HIVE and LEO will flourish. However, first we have to overcome this bumpy road which we have to pass through for next couple of months.
Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions. This opinion is only for educational purpose.
Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.
Thanks for reading. @dtrade Cryptominer , occasional trader and tech blogger since 2013
Posted via Steemleo
