I am going to do a post this week about what HIVE can get to.
There is so much going on, we are going to be very happy. What will it take to send it to the moon?
I think a couple more applications (#ProjectBlank and SIP) will really do wonders.
My mind also keeps drifting to the HIVE and HBD correlation. That is going to be very powerful for any upward moves.
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I think $5-$8 just on it's own merits. If #ProjectBlank, the #HAF, and #3Spk start making noise though, I'll defer to your projections/predictions. lol
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In the medium term, I think you are probably in the range. We could see much higher yet that will take time and a lot more development. The one thing that could change it would be a massive run in which the market goes crazy.
In crypto, this is not uncommon.
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I also think we have to get the word out about what we're doing here. How far is knowledge of Hive penetrating the crypto crowd? and do we want to start with them and reach the masses later or try to hit both at the same time?
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I agree with you except I dont think we are to that point. To me #ProjectBlank will be the big one. That is something that most will be able to use immediately and will spread very quickly.
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That makes total sense now that I think of it. Next year will be 5 years for me on what is now know as Hive, but in crypto-time, we're still very early yet. In a sense, barely out of the gate.
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I think Project Blank and SIP will both do wonders. The SIP will lock up HIVE and Project Blank will require more people to power up so they can do transactions on the network.
As for the HIVE and HBD correlations, how is it powerful for the upward moves? Is it because the market cap is higher so we can have a larger amount of HBD?
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The power in the correlation will come when people need to create a ton more HBD. That will cause a lot of HIVE to be converted, reducing the supply. This is a simple supply/demand equation.
Hence, more use cases for HBD will cause us to realize what a stablecoin can do. After that, it is creating enough to get it out to the masses.
So we are in the chicken or the egg situation. We need a few use cases to appear to get things rolling.
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The use cases are really what is lacking for now !
I don't see any need today to have some except converting your hive into HBD when Hive is high and convert it back when Hive price go lower.
Except that maybe holding some HBD in savings and on LP added few uses of it.
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Actually that is a big use case when you think about it.
If HBD only ever served as a "parking spot" for speculation, when risk off is on, that would be a huge use case.
But you are right, need some more adoption.
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That's the primary use case of all stablecoins though ;)
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That's true 😅 But that's not anyone that knows how to properly do that and think of it (I personally never did because I always Forget to do it !) !PIZZA
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I just hope that after all that time Project Blank will really be a thing. That would be terrible if it's not that good 😅
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I am pretty sure Project Blank will still happen but I don't think it will go live until early 2022.
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If it's released before 2022 that would be our christmas gift 🎁 for all Hive users !
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I don't think it is very likely. Yesterday Khal made a post about his progress with Leo Mobile and they said they wanted two weeks to figure out a roadmap. The stuff with the apple store is causing a lot of issues so I think its unlikely to happen this year.
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Oh ok 😅 early 2022 then ! Can't wait !
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Looking forward to this!
Your Hive content is always great conversation starters.
(Even if I'm only voting your Leo account's content to support, I'm still reading everything you put out).
:)
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