The market cap of Hive stands at $665 over million currently, at the unit price of $1.80 per Hive.
What does it take to double Hive's market cap with another fresh 600 million dollars injection?
Let's do a quick calculation of the potential market size of Hive based on what we know about the current numbers of Facebook users.
As it turns out, there are 240 million Facebook users in the United States, according to information found here. Info reproduced below.
Supposedly we can convince a mere 5% of the 240,000,000 (i.e. 12,000,000) American users to come onboard Hive with an initial investment of US$50 each to buy Hive to power it up. The market cap of Hive will immediately be increased by 600,000,000 (i.e. 12,000,000 x $50). That is double what Hive is today.
Given the propositions of what Hive can offer, i.e. earning from posting and upvoting, it should not be difficult for us, who are Facebook users to be ambassadors of Hive on Facebook to win some of our friends over. If you have 100 friends on Facebook, convincing 5 of them to come to Hive should not be difficult. I mean, each of us should have 5 friends who trust us, right?!
Anyway, this seems like a modest estimation overall. It is only the Americans we are talking about here.
The untapped market is way larger.
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This idea is beautiful
Do you have special strategies you have in place?
It could start from us Yunno?
Thanks for asking.
Maybe start from people who have access to buy Hive first, i.e. those with exchange accounts and are into crypto.
At some stage, I am planning to declare on my other social media accounts that I am migrating. And to look for me in Hive. I will take the opportunity to explain it in a goodbye post! :)
I liked the idea but we can't do it in a decentralized way.
!PIZZA is on sale right now, dont get left behind....
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