We All Knew HIVE was Bubbling
While many of us were very excited to think that $1.00 HIVE was close on the horizon, after some impressive jumps, we watched HIVE deflate back to the same old same old... except not exactly.
I am not a financial advisor. This is my opinion, please buy/sell and invest at your own risk.
We are watching a healthy and steady increase in value over time, overlooking the bubble, there has been a steady increase in value over the last three months. It's most apparent when looking at BTC value, since gains in BTC give a clearer picture than gains in USD.
HIVE Dollar Normalizing
While it's nice to have HIVE DOLLAR above a dollar, this can cause an artificial devaluation of HIVE. Having HIVE DOLLAR back near a dollar, means that as we watch HIVE increase in value, we have the opportunity to "cash in" any HIVE increases and shelter it during the natural dips HIVE will experience.
Will HIVE DOLLAR inflate again? Probably. Hopefully enough transactions will continue occurring in HIVE DOLLAR to keep the price stable.
While watching the HIVE price drop, there are some indications that HIVE is healthy and continuing it's upward value increase. The longer we watch these higher values become established, the more confidence people will have investing in this particular cryto.
Seeing HIVE DOLLAR return closer to $1.00 USD is a good sign also, that there isn't any funny business with the native "dollar" token.
We are seeing the signs that HIVE is in it for the long haul and as we watch the line continue to rise, we will see $1.00 HIVE solid, and not a spike for a few hours. $1.00 HIVE is NEW NORMAL.
Posted Using LeoFinance Beta