and it's about time that the downward trend turns into a stable or even rising trend...
I'm guessing that you know that HIVE very broadly follows a four year cycle and 2024 is year three of that cycle, the summary of which is that on the whole expect price action, if any, to be pretty boring and not much different from now. 2025, if anywhere, is where we will see an upswing, but of course, it will be for a short time, before the cycle turns and prices fall again.
Most people are preparing now for how they will take surpluses from the increased prices expected in 2025. Some people are planning this for when HIVE reaches 2.00 USD, but each to their own.
Having said that, the low last cycle was about .13 USD, this time, so far, it's closer to .25 USD, so within the four year cycle there is also a gentle upward trend.
Hmm... don't you think it is a bit fast to make conclusions about a 4 year cycle... based on a blockchain that is only 7-8 years old?
I hope you're right of course, but I think it's more hope than facts, like with everything in crypto 😂
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