The HIVE market seems to be recovering from the bearish market which occured previously but one is not sure how long the recovery or will be or if it will keep going bullish for a longer a period of time.
The RSI is still showing the bullish signal on the weekly timeframe and it seems we would still see a more bullish HIVE on the long term.
But right now on the daily chart and the 12hrs chart the RSI is indicating a sell signal which is a form of retracememt but the HIVE market still looks bullish on the long term...
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I think Hive will start to behave more and more like a currency, and it will not fluctuate as wildly as other speculative altcoins that abound in the crypto scene.
Reason for the stability of Hive is because it has an ecosystem, a kind of microeconomy in itself with so many projects orbiting around the Hive-engine, it tends to make it behave more like the currency of a country rather than a fly by night crypto coin that promises you a one way ticket to go to the moon.
Countries have attributes like gross domestic product, employment rate, interest rates, and many many other metrics that define how the economy of a country is performing, well, Hive is starting to have all these attributes in itself.
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