Many cryptocurrencies, especially Bitcoin, have been experiencing sharp drops in the last 3 days, but despite the sharp drops, HIVE surged above $0.4 today with an increase of more than 25%. Despite the sharp declines in crypto markets, it is quite remarkable that HIVE has increased by more than 25%, which also shows that investors continue to have confidence in HIVE.
HIVE rose to $0.48 today, but fell to $0.42 because it could not find enough support and is currently trading at $0.42. Even at its current price, it seems to have risen by 25% in the last 24 hours, despite the sharp drops in the crypto markets, I think that the increase of more than 25% is a great success and promising for the future. HIVE tested $0.4 on December 23 but failed, it managed to break it today and if it can stay above $0.4, it may test $0.48 again in the coming sessions and if HIVE breaks it too, it may soar above $0.5. However, if it loses $0.4, it could drop back to $0.32.
Frankly, I am very optimistic about HIVE and believe that it can gain much more value in the future, so I will continue to buy HIVE as long as it is below $1. But if it drops back to $0.32, I'll have the opportunity to buy more HIVE.
After hitting a new ATH of $108,249 on Dec. 17, Bitcoin (BTC) has been on a downtrend and has continued to drop today, it is currently trading at $93,470. I don't think the drops will last long, so I believe the current drops could be opportunities. And I believe 2025 will be Bitcoin's best year ever, especially because I think more institutional companies will adopt Bitcoin in 2025.
I am very bullish on Bitcoin and HIVE and believe that both will gain more value in the future, but I think HIVE has more potential to yield more profit so I will continue to buy HIVE and stake it all in 2025.
These are my personal thoughts, what are your thoughts on HIVE and Bitcoin?
I hope 2025 will be a great year for all of us and for the whole world.
Stay healthy and with love!
Thank you for reading.
@rtonline
This is not investment advice, I am just talking about current developments and only my personal opinions. As with all money markets, anything can happen in the crypto market at any time, so please do your own research before investing.
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