RE: HIVE Joins The Rally
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Dear @tanzil2024 !
assalam alaykum! Hassan!
In what ways do you think Bitcoin is superior to other cryptocurrencies?
So, what will be a goal for Hive for me? It's usually not a good idea to make predictions like this, but the things that are causing this bull cycle are very strong so I am expecting a solid rise in the Hive price. A lot of new money could be invested in Bitcoin ETFs, which could increase demand and drive up prices even more for all the cryptos that have good potential in real-life applications. A good mood is present in general, not just with Bitcoin but also for cryptocurrencies like Ethereum and Solana are also gaining momentum. The crypto market as a whole generally goes up when Bitcoin goes up. As long as this trend keeps going, we might see really big gains in general.
In the world I live in, the electricity waste for cryptocurrency mining is so severe that it is becoming a problem.
Given the global resource shortage, cryptocurrency mining should decrease!
Especially densely populated countries such as China and India are always suffering from resource and power shortages.