You make some good points.
Various whales already put a ton of money in various markets with buy orders at different levels, creating resistance to price drops.
But the price still drops.
That's a ton of money it grinds through.
But, as you said, low price isn't always a bad thing.
Part of the reason Hive's prices isn't higher though I think is partially because of the following:
- Hive's not on more markets. It needs to be easier to buy and sell. To power up and to sell your earnings.
- Blogging on a blockchain is pretty niche.
- Hive need more ease of use. Even just the keys are pretty confusing for first time users. I came back after a few years and I felt like a newb. Everything needs more documentation.
- We need more apps and smart contracts that show the power of Hive.
Yes
We are working on all those things as well.
Progress has been painfully slow
😭