According to Coingecko, hive has a circulating supply of 371m tokens valued at $128m. With $8.5m you can mop up hive liquidity on Binance which stands at around 25m HIVE.
Is that a lot of money?
According to Coingecko, hive has a circulating supply of 371m tokens valued at $128m. With $8.5m you can mop up hive liquidity on Binance which stands at around 25m HIVE.
Is that a lot of money?
No $8.5 million in the global financial system is nothing.
which is my point. Hive is not that expensive. The problem isn't the 8.5m but the 80m hive needed to topple the current top-20 witness. You can't buy that in the open market currently without x100 hive price (I stand to be corrected)
I am not sure it is a 100x. Most of the liquidity is likely still on the Korean exchange.
And I am not sure toppling the top 20 is the goal. There is jostling around taking place.
But yes each should look to add to his/her HP.
Depends who you ask. For me? Yeah I dont have 8.5m laying around. But in the financial world or in crypto its probably close to nothing.