RE: What Will Make The HIVE Token Move Upward?
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The reasons for hive to move upwards is the same as for any business. It needs a reason to be bought. As it is we have a token economy that has a high sell pressure and a low buy pressure.
What we need to do is get that turned around and have a solid long term business plan to keep expanding that vision. That is why i put in a proposal to start earning ad revenue on hive.blog and create more marketing initiatives.
https://peakd.com/me/proposals/131
If we can expand the userbase, increase ad revenue and increase the token price. More eyes will look at the token. More people will develop on hive and more people will invest in it's future. At the moment we are in a negative cycle and the only way to break that is to create more buying pressure on hive.
In the long run this will be from apps and businesses needing resource credits and utilizing hive as currency. In the short term we need to buy the token ourselves to put it into a positive cycle.