Greetings to everyone involved with HIVE. I hope you are all well. This is the third week of March, 2022. Today we will look at what happened inside the HIVE price in the second week of March, 2022 and analyze the history of HIVE price in detail. Through this analysis we can get some idea of the behavior of HIVE and what the future holds.
Hive price ( High and Low)
On the first day of last week, i.e. March 8, 2022, the price of HIVE opened with $ 0.8448 and continued to rise. If you look at the chart above, you will see that on March 10, 2022, the price of HIVE reached last week's high of $ 1.02. At the same time the high and low lines of HIVE price move away from each other. HIVE prices have been declining steadily since then. On the last day of the week, March 14, 2022, the high and low prices of HIVE were $ 0.8445 and 0.8156, respectively. Last week the price of HIVE closed with 0.8432
If we look at the volume chart, the highest volume was last week on March 10, 2022. The volume for that day was $ 92,427,526. Probably this the factor that take the Hive price to $ 1.02. It is also understandable that the buying pressure of HIVE was high on the day. The bars on other days were normal. Although there are some differences between these small bars.
The market cap on March 8 was $ 368,181,800. The market cap on the last day of the week was $ 340,571,809. The market cap difference at the beginning and end of the week was very small. The market cap on March 10 was the highest at 374,958,646. Also when we look at the bars we realize that they are balanced and the market cap has not changed much. These balanced bars have managed to keep the price of the hive between 0.8156 and 1.02. If you look at the HIVE price, you can see that it had an up and down range of $ 0.20. $ 0.20 seems a lot higher but normal for crypto.
Hive has great chances to do well. Anyway, I would figure out, and that is something the community may think something about to sort it out, on how to make Hive no-unlimitedly-inflationary.
What do you think?
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