Talking about 2021, the greatest year for hive. I wasn't that active in the hive that time. Didn't even know much about trading. But I was learning. By combining Thousands of different videos, using several types of indicators. All in all, I was learning slowly. I was completely new to hive. But I was at hive from the beginning of 2021. The lowest price I saw was about 17 cents.
Let's not talk about the past. AUG 1 2022, the last touch of 1$ by hive. Although it wasn't 1$ . It was likely 97cents. BTC is now trending on 67k. As the bull market started hive must have on 1$ but It didn't even touch 50 cents. Where is the lacking. Let's find it out.
Market cap :
Accourding to the bull market of 2021 the market cap is not so high. But it is good .The volume is for now 200M USD.
Comparing to the Steem, the steems market cap is getting higher. It's just because of steem was stable at its support zone. You can clearly find the support on 15 cents zone.
As steem got it's support at 15 cents. Hive is trying to get support On 25 to 30 cents zone. You can find it on 1 week chart. Even the 20 cents zone is the biggest demand zone for hive.
I do think hive will get back the investors. The wheels are waiting for a deep, I think 30 cents is the deep.
But the main question is what will happen if the bear market begins ? I'm now little bit of confused , but hive won't go below the demand accourding to my analysis.
You can share your opinion about hive price on the comment below. It will be very fine to know your opinion.
Posted Using InLeo Alpha
Hive follow a different trend, is not like the rest of altcoins. This is a outside mainstream crypto that stay alive thanks to the community because don't get new higher investor often.
agree. If the market gets new investors it will be volatile which is somehow bad for the market.