The staking feature and its potential to support the price of HIVE.
The newest cryptocurrency, called Hive, has some of the finest projects planned for the future and a strong ecosystem backbone. HIVE has a short but recent past; it was created soon after the Steem hardfork. This coin is published on numerous exchanges, including the biggest exchange in the world, Binance.
THE IMPORTANCE OF STAKING HIVE
Because no one had confidence in it at first after the hardfork, the hive price suffered. However, as the ecosystem developed, writers from other platforms, including steemit, were drawn in. With a peak of over $3 and a low of $0.2, the price of #hive has made beautiful movements over the past few years.
When I first started using the hive system, the price was trading at about $0.51, and I sold some of my coins at that price. Considering that it is a new ecosystem and development will take time, I had the impression that the price would decrease once more. It was surprising that everything went awry and the price spiked to $3.5.
Hive Coin is a cryptocurrency that I like to engage in for a variety of reasons, but its staking is the primary one. To ensure that the price of the hive doesn't fall after hitting the main levels, HIVE stakes will be very beneficial. The best aspect of the HIVE is that about 30% of its coins are staked, carried by whales and other individuals.
The #hive price and ecosystem are supported primarily by staking, which is a key element of the hive coin. This will prevent price drops and increases like those experienced by other historically unsuccessful currencies. According to my predictions, the price of hive will reach a certain point at which point it will stop falling due to coins that have already been staked.
HIVE PRICE WON'T DROP BELOW $0.18
As an example, consider the steem price during the bearish BTC trend a few years ago, when the price of BTC hit $4,000. I recall the price of steem dropping to $0.11, which was its lowest point. After that level, the price did not decline further and began to rise again, reaching $0.8.
The same is true for #hive, which is far more powerful than steem. HIVE has levels, which are committed tokens that help keep the price of hive from dropping below a certain level. This is because the staked tokens will safeguard to that level until they are UN-staked.
The price will remain steady until the whales go for power down, which will take three months. Hive investors will re-invest in the cryptocurrency, assisting in the price recovery. My study and chart analysis indicate that the price of #hive will not fall below $0.18.
This is the strongest level of the HIVE price, which will serve as its foundation point and provide a re-bounce. The staked token holdings price level of $0.18 is considered the strongest support for the hive currency. If markets collapse, this will be the lowest price of the hive coin in the future.
This is an attempt on my side to inform you about the hive price levels and how far the price can fall. I hope you enjoyed the article and found it useful. If you enjoyed the post, please leave feedback in the comments area so that the next one will be even better. Thank you for sticking with me until the finish.
TWITTER TELEGRAM HIVE WHATSAPP DISCORD
IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA SOURCE SOURCE
REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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