Have the alts bottomed?
BTC is bleeding and I was expecting alts to bleed more but so far no crazy drops.
... looking for buy opportunities. 👌
Have the alts bottomed?
BTC is bleeding and I was expecting alts to bleed more but so far no crazy drops.
... looking for buy opportunities. 👌
I am sure $HIVE has bottomed.
$HIVE at 30 cents is the more resilient coin in ALTS segment.
Yeah, Hive is safely in its own bubble. Unfortunately, this also means that HIVE doesn't pump as much as other alts when things get greener.
So $HIVE has discovered its fundamental value?
The valuation of HIVE depends on the demand. To increase that, we might need some more visibly and buzzing across the whole space and to burst that bubble.
Fundamental value is parity.
Supply/Demand driven value is Volatility.
#freecompliments
Many things obviously have fundamental value, a painting for example. However, in a world of crypto, demand is everything. A small group may consider Hive to be valuable forever but without real demand, it'll just be a curiosity and will not pump. It's as simple as that. 🙂
hive was already bottomed out when Bitcoin was traded around 17k...
True.
When Bitcoin was 17k the HIVE was 0.30 and now when Bitcoin is close to touching 70k it is still 0.30. 😅
The same goes with many altcoins
Well, not exactly. Unlike Hive, the other altcoins actually pump during the uptrends with BTC. 😅
Hive not so much.
true 😞
But who knows, maybe we'll get a new killer dapp that'll push the whole ecosystem to new heights and the toke will follow!