How High Can Hive Go?
Hive has been alive for 1 week and look what has been accomplished already. Seven days in crypto land is like a month in the real world as so much happens and it never seems to stop. I was amazed at how smooth the hard fork was as it was all stable and sorted within a matter of hours. These things are not easy yet it shows the caliber of people we have behind us. Thr Tron team has been struggling to keep Steem stable this week so God knows how they would do a hard fork.
I was never around for the early days of Steem so never knew what it was like, but can only imagine.This week Hive has been listed on a few exchanges with the big win being Bittrex.This was never in doubt in my mind as the relationship the community has with them it would be foolish not to.
Coin Market Cap the listing happened late last night (depends where you live) and can only see the ranking improve from here on in. Hive has been slowly climbing up in value increasing our Market Cap and this is just the beginning.
How amazing would it be when Hive hits the top 50 as I believe it surely will. Steem has a circulating supply of nearly 370 million coins so if we remove Steemit Inc accounts which never came over to hive we can get a rough idea of where we would be sitting currently.
370 Million minus roughly 70 Million leaves Hive circulating supply at 300 million give or take. At the current price of 31.6 cents that gives Hive a 94.8 million market cap. This would place Hive in 50 th position right now and that is a win in my book. Steem has been sitting in the 70 's and 60's for some time now and we go smack bang in at 50.
50th is just the start and in the coming weeks with investors purchasing more Steem with the powered down Steem the value should have a good pump for the next 12/13 weeks. Just think 40 cents takes Hive to about 40th position and if I was an investor I would be seriously considering adding Hive into my portfolio.
Hive has a community that has proven it will fight for what is right and with so much positive energy on board.The noise that has been made across social media and crypto publications it is a coin that would be hard to resist.
I couldn't understand at the time why Steem was such a low flyer and undervalued coin,but the ninja mined stake makes perfect sense on how it pulled any value away. Getting rid of Ned should have happened some time ago as his greedy selfish ways only bought negativity.
I would like to see Hive in the top 25 before the year end which is only $1.30 per token and quite within our reach. Anything is possible and something the Hive community has proven already.
