Look at total inflation. Hives are under 8% and dropping every block until it reaches sub 1%. A lot of high market cap coins have higher inflation than 10% and still sustain it. The reason being is its mostly just all hype atm, and centralized token distribution makes it much easier to have large VCs name drop. Look at Avax as an example, they sold OTC at a discount to VCs, the VCs were seen publicly buying it and talking about it, then the price rose. That had nothing to do with inflation or even tokenomics. Hype cycles fade and useful technology will remain, and then you have a whole new hype cycle all over again. It's always a series of boom and busts, with the market learning what is valuable each round.
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When we get down to 1% inflation things will be better for price, but I’m telling you, every other coin is up significantly in price VS hive, this isn’t fud or shit talking, it’s just a fact that is very easily and casually verifiable. Hive has not made a new all time high in price since launch.
Look, I even powered up all my liquid hive and liquid Leo, I’m not giving up on this chain.
I feel, there is a small chance that everyone will just keep building and keep building and keep building and eventually, people will start to care enough to get involved, then, maybe like a coiled spring, we can explode upwards with long term perpetual demand significantly outpacing the sell pressure.
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