Consolidation of Hive?

in LeoFinance3 days ago

17326564113698001343700683682352.png

Source

Greetings dear friends, after some time without publishing I want to close the year with some articles of reflection, preparing what will be a new beginning of the year, a new cycle and some changes in the way I manage my finances in this platform, so. Why not start by reflecting on the "Bull run" that is underway.

Are we at the beginning of the bull market?

1000068762.png

It is the question of many people, since Bitcoin began its last price escalation and apparently left the price range of recent months that placed it in the $ 60,000 and $ 70,000, and led him to reach a maximum of $ 92,000 at the time of this publication.

According to some forecasts 2025 will be a great year for Bitcoin, and some experts place it at $155,000, $180,000 and even surpassing $200,000, which would be really crazy and would consolidate Bitcoin as the best asset to invest in the following years, wooo what was Satoshi Nakamoto thinking when he created this revolutionary asset, could it be that he imagined Bitcoin with this value? We are far from having an answer.

All these data let us know that we are facing a bull market, a good trend, logically we can not know how long it will last, if it will be a prolonged trend or some "event" may affect the price rise and make it start to fall or maintain a "stable" range within its fluctuation.

What to expect from HIVE?

Everyone who knows anything about crypto, even the less expert ones like me, knows that the "queen of cryptocurrencies" Bitcoin drags along the other cryptos according to its price, whether its price goes up or down, but as far as we know some projects react better than others to Bitcoin's movement.

In the case of our HIVE coin and according to what we have seen, it is reacting well, although it seems to react timidly to the price of BTC, we know that its price is climbing, which at the time of this publication is located at $ 0.28, so we hope to have a 2025 of many joys.

All-time highs

1000068780.png

Everyone expects to see Bitcoin set new all-time highs on each impulse, so it would be logical to think and hope that HIVE can reach its all-time high, as well as set new and higher highs in this "Bull run". Will this be possible? Well, let's hope so.

According to data HIVE's historical maximum was at $3.42 in 2021, an unprecedented fact that we have never seen again, however, we hope it can reach its historical maximum and why not surpass it.

I have read some references about the projections of experts in relation to the price of HIVE, which place it at 10$, and touching 13$, as the highest price that Hive could reach, so let's wait and see what happens, for now the price does not exceed 0.30$.

Personal opinion and conclusions

In my personal opinion, I think that if the price reached 3$ in the past, it is not a very difficult hurdle to overcome, on the contrary it could become the floor or future support, I would logically like that it could overcome its historical maximum and we pray that the prediction of 10$ or 13$ is a reality.

Friends, in any case I believe that a very fun 2025 is waiting for us, surely there will be many people taking advantage of this market and making a lot of profit from it, understanding that we cannot predict the future, what we can project now, in my opinion is pure speculation, however, this market has shown that it can give us good surprises.

On the other hand, the unpredictability of this market is what makes us dream and believe that we are facing a great opportunity from now on, so I hope everything goes well and we can have a year 2025 of much profit in crypto.

Greetings and success to all!

Sort:  

This post has been supported by @Splinterboost with a 12% upvote! Delagate HP to Splinterboost to Earn Daily HIVE rewards for supporting the @Splinterlands community!

Delegate HP | Join Discord