Hive: $1 Billion Market Cap Soon?

I guess today Hive made lots of people’s account look lambo worthy. This is beautiful because the price of Hive spiked over 100% increase. I watched the value of my Hive double and became my most valued asset in my portfolio. From my observation Hive has had a 700% price increase since I discovered Hive in May. When I joined Hive, the price of 1 Hive was $0.2 it got to $0.19 some time that period and I can remember my friends getting worried about the price.

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Fast forward to 4 to 5 months later, Hive’s price got to $1.5 almost got to $1.6. This means that the market cap of Hive increased 7X the last time I saw it in May.

My excitement was uncontrollable, it was 1 am, lots of people were sleeping but I didn’t care, I entered everyone’s room and screamed Hive is $1 and they woke up with a confused sleepy eye, asking me what the problem was. I will have to apologize later though. But I needed to express that joy and happiness, it was overwhelming.

Few days ago, Hive’s market cap was just barely over $200 million. But the pump got Hive’s market cap to get to $430 Million. This means that $1 Billion Market cap is just by the corner and achievable. All Hive has to do is get to $3 and we are good to go. If Hive could achieve making a 7X price spike in 5 months then I believe a 3X spike before the year ends.

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The pump was really unexpected, just like every other pump, the spike was longing for minutes, I was lucky enough to have some few Liquid Hive to sell off quickly before the dump. Usually when a great pump comes like this, a dump follows through because people get so excited and dump it. Discord groups were filled with excitements and my Twitter feed was filled with lots of celebrations. It felt like a digital party and everyone was happy.

The beauty of the Price was that, the price Hive got to few hours ago was it’s All Time High, so Hive just surpassed the previous ATH of $1.1. This is the bullish Hive we are talking about, and we all know that $1 is an unfair price for Hive, but it’s a journey and we are very lucky to proudly call ourselves the early investors of Hive. When Hive gets to $10 that’s when I will know that Hive is finally being recognized for its value.

During the pump, the news circulating was that the Asians are the ones pumping the price. This is because of the trading volumes gotten from the crypto exchanges. Why the pump though? did they finally come to the state of realization that Hive is a beautiful platform with massive potentials and decided to invest early before the price gets over blown? Whatever the reason may be, they are on the right track. Hopefully before the end of Q4 I will come back to talk about Hive reaching a $1 Billion market cap.

Posted Using LeoFinance Beta



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18 comments
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Yes I actually woke up to $1.3...And I think it can only get better from here.

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Certainly, $10 is the next expected price.

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Hahaha, In Binance smart contract groups you will hear something like

When Lambo?

It's really going to be huge

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Hive to Five dollars next

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You just said 10, make up your mind!

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One step at a time buddy

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true, all in due time. There's actually some people here that have some patience. Opposed to most in the crypto sphere

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If anyone is in crypto for the short term by not being patient then they are gambling. I’m not a crypto gambler.

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Honestly, wake me up when the market cap is $10 billion.

That is where Hive is going to get to. We are going to see a lot of projects that truly make Hive one of the chains at the forefront of Web 3.0.

Posted Using LeoFinance Beta

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Fingers crossed

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It's very much possible, however stuff like "it can only go up from here" is ridiculous. It's crypto, be real, it will go down, and up and then down some again, it might crash a lot lower, in the end that doesn't matter. Think long term..

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(Edited)

Well you have a point, but my optimism is based on being above $0.99

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While it's great to see a pump, anything can happen from here. Am I bullish on Hive? Sure am, haven't sold a single Hive I don't really care too much that I'm not turning a profit on this (woke up way after the peak too but that's irrelevant). If anything, too many people selling the pump will not get us much further. But I get it, taking profits is a great game to play until you fuck up big time once when getting too confident. If you never fuck up, kudos to you I'm not judging.

However, getting so emotional on a pump (or a crash for that matter) isn't optimal, try to keep the emotions out of investing and that's financial advise if you want it to be that ;-)

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Thanks for the advise, I stake hive every week. So I strongly believe in Hive, Do I trade Hive some days? Yes I do, to make profit, I mean isn’t that why we trade? Being emotional when it pumps is just the expression coming from a big fan and strong believer of Hive. There is absolutely nothing wrong with that. It doesn’t utter how I feel towards Hive. Whenever Hive dumps, I use that as an opportunity to buy more.

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If you decide to trade then I guess yes that's why you do it, maybe I'm just not much of a trader myself but more investor. Although I understand it is tempting and there's opportunities I think it's very hard to consistently predict the highs and lows. At some point you might miss the most important pump when you think it was time to take profit. Or buy in just before the actual crash. When you do that with a high enough numbers because your emotions said it's the right time that can be detrimental for your long term succes.

But it seems you're just happy to see Hive prosper, as am I by the way. And only trading with a part of your funds, no harm there. I've powered/staked most of the Hive as I'm in it for the long haul myself.

Anyway nice post and good to see Hive going forward!

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