While most of us wouldn't watch the market as we now that crypto is quite volatile, I still think that is positive to enjoy little victories. With the latest news of Grayscale Ethereum ETF being approved and BlackRock Bitcoin ETF coming close as well, we have experiences some serious growth in value for the crypto market. As usually Bitcoin lead the way by jumping from beneath $30,000 to above $35,000 and now it seems it tries to revisit that and even go higher if it will pass that threshold. And as no wave comes alone, the altcoins have also started to capture value and one that we all are interested and happy for is HIVE.
Crypto movements
What I find interesting is the similarity in how Bitcoin moves in the market and how Hive follows. While Bitcoin struggled beneath $30k and its price was hovering at some point in the $29,000 range, Hive was mimicking the same but at a $0.29 price point. Now as Bitcoin is pushing again to get to $35,000, so does Hive as it is heading for the $0.35 mark. This might be just by chance, but I find the movement fascinating and also the progress for each of that assets. But probably as Bitcoin will push higher in price, Hive should capture more value out of that considering its low price point.
Crypto events
To tell you the truth I wasn't expecting for such positive gains this year, but I guess the Indexes plays through the Ethereum and Bitcoin Ethereum alongside with SEC failing to prohibit crypto for good reasons, have a good effect on the market and the assets from here. This coupled with the tumultuous world and all the conflicts out there, it determines for people to look for investments and assets that can capture more value and be part of tomorrow's future. In the end it is all about the vision and whom can see what the future world would look like, will probably make most of the gain.
As for now when I am writing this article Hive is finding itself at $0.343782 or a 3.5% price increase in the last 24 hours or 5.8% price increase over the last week. Steady growth with appreciation is what will push us forward and that can be observed as a trend on the market. I dream about the past days when Hive was over $3, but if the trend continues I believe that we will get there sooner or later. Now if from there we'll top even $5 or more, that's something that we'll need to wait and see but I believe that's on the table as well. So while the market will play one hand or the other as it considers fit (or as the big players will do), I just wanted to enjoy this small victory and maybe see Hive top $0.35 shortly.
Posted Using InLeo Alpha
