hive value has been on a downward side lately and it's sad because the crypto started with a high price. so I am asking what could be causing the fall in price
hive value has been on a downward side lately and it's sad because the crypto started with a high price. so I am asking what could be causing the fall in price
Hive is just going through the price discovery phase. All assets do that. New assets in a very volatile asset class do that more violently. Current $0.2-03 price range should be a solid foundation and from now on swings should be more reasonable (both up and down).
Plus Hive is almost +200% since April 6 (that's only 2 months) :) So everything depends on the timeline you choose to select.
indeed, also from a technical point of view the fractal of Hive currently seems to indicate long downward phases with large upward spikes
Hive price started around 0.2$
After Justin Sun dumped his stake, manipulating the price, we reached 0.12$ and stayed there for a while.
Then, the Huobi listing happened, and Hive pumped to 1$, and got listed on many exchanges during that time.
Finally, it corrected back to 0.23$, and now we're at 0.25$.
If the original price you see is higer than 0.25$ this just means that the exchange you are using listed HIVE after the pump.