HAPPY NEW YEAR!
A new year and a new hive. First there's a few things I want to go over happening with the Hive blockchain that I honestly feel like many either don't care or simply don't understand so I'm going to lay it out fast and easy here.
First let's take a look at the price action this week of hive.
This price action as of recently seems to be the direct result of futures markets launching for the token which has been getting a lot of traction. It's a bit weird and I don't fully understand it myself but wouldn't it be possible with such a small market cap of hive to seriously manipulate a futures markets for a token like this?
In any case it's good to see hive over $0.50 finally. Now the real test is how long hive will hold this over $0.50 level
Now lets look at inflation...
*These screenshots are pulled from @dalz recent post which you can find all the details here Hive inflation for 2024 at 9.5%!
Now this is something I've been yelling about since HBD went to a 20% APR. It was just too damn high and suppresses the price value of hive but for some reason no one is caring or simply profiting so much off of this that they don't want to change things even if it's crushing the ecosystem.
What's happening clearly via these reports is the high inflation of HBD is being converted into hive as a very rapid rate that is causing massive inflation to the hive token. What happens when you have high inflation? I dilutes the value
Goals
$HIVE
Goal: 300,000 Current: 123,825.66
Week over week we pushed 373 hive or roughly 53 hive per day. This number is down a bit but that's also because of the skyrocketing price of hive. As price increases I actully get less hive and more HBD.
This is going to be an interesting time because if prices stay higher then my hive will fall and my goal will most likely start to change. That's the thing with these long terms goals. It's something to focus on and strive for however be flexible and realize things will change along the way.
100 hive per day is also still the goal which right now would amount to just $58 USD (but these prices are flying all over the place at the moment)
HBD
Still not a priority for me. While I am stacking it I know at some point here especially after the very high inflation report of 2024 that this HBD interest rate should be falling to more "normal" levels of around 5% - 8%
$LEO
Leo goal was hit of 150,000 now we just have to hope that 2025 is a year the team focuses on improving the token price. There's only so much we as users can stack and stake it's up to the team to build systems that buy, burn and create demand for the token to increase its value.
Spinterlands
Land! Land is now the focus and we are opening up plots left and right at the moment. The main push for me is to have ALL 142 plots and maybe even buy a few more plots if the price is right and get them at least cleared ready to be built. This is because in roughly 2 weeks to a month we should have the release of land 1.75 which will be a big change in terms of how the land game is played.
It's also going to open up a lot more liquidity pools and thankfully a updated UI so it makes more sense to the investors and users how much they have earned in fees. My thoughts are these fees should start to increase as well as more options and land assets are possible.
Posted Using InLeo Alpha