Hive is Pumping again | My Weekly Financial Progress

Hello Readers!

I hope all of you are having a fantastic weekend surrounded by your loved ones and hope you are enjoying the New Year's festive spirit at its best. While you are chilling with the vibe, don’t forget to keep an eye on the crypto market, especially Hive, cause lately it has been buzzing with lots of good news and opportunities. Many experts are still hinting at an upcoming altcoin pump season and Hive is also on the List. Whether you are a seasoned investor, trader or just stepping into the crypto world, this could be an exciting time in the crypto world to both enjoy the good gains on your trade or investments or to see your portfolio grow!

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Personally, I am also optimistic and wishing for a future bull run soon. Bitcoin has already hit a record-breaking $108,000 in the recent past and I am keeping a close watch on Hive while anticipating its climb to $1 during this pump season. Recently, Hive experienced a dip from $0.65 to $0.46, followed by a strong recovery to around $0.57 where it is trading right now. Through the corrections, I am Really confident in Hive’s potential and the fact that beat the strong Resistance levels and reach 1$ soon. This week, I sold some decent Hive tokens at $0.635 and $0.613 price points before the dip and converted it to USDC. Now after the HBD price settles below or on the 1$ price, I will later migrate that to Hive and then would add to my HBD savings. Now, if you are interested in my little weekly Growth story, let us take a dive into my weekly financial progress and I will also be giving some helpful tips for beginners to navigate Hive better.

Understanding Hive

It is glad to see Hive getting listed on many exchanges and trading platforms. Just recently it got added to Bidget’s Spot trading list and not to mention, Binance also now supports leveraged trading and futures on Hive. So overall, the very end of 2024 and the beginning of 2025 so far has been going great for Hive. For those who are new to this platform, Hive is not just a cryptocurrency and you will fail if you start treating it like others. Hive is a dynamic blockchain ecosystem combining in meaningful activities that create actual Value - blogging, gaming, and decentralized finance (DeFi). Just think of it as a web3-powered decentralized social media that meets financial empowerment with a strong and loyal Worldwide community. Now talking about me, over the last year, I am now more focused on building three main assets - Hive Power, HBD savings, and Leo Power (LP). So in this post, I will be sharing my weekly progress in these areas and tracking how much I grow in these 3 assets.

Hive Power (HP)

Hive Power represents the staked Hive tokens in your wallet, which is locked for a long time in return for giving some awesome benefits. Now if you ask why Building HP is crucial, it is because…

• Curation Rewards - Voting on other’s contents earns you rewards and directly depends upon your active staked Hive amount. When you vote for someone’s content on the Hive blockchain, 50% of your vote USD value returns to your staked wallet.

• Influence - Higher HP increases your voting power and influence among the community decisions like voting for or against DHF Proposals or voting for Witnesses.

My HP Progress

Last week when I checked, my Hive Power was sitting at 15,861.58 HP. After consistent engagement and rewards, it has grown to 16,071.025 HP after a week, marking an increase of 209.445 HP in just seven days. Since the Hive price is high, we are now getting comparatively less amount of Hive and more amount in HBD from author rewards which mainly affects the Hive amount.

Hive Backed Dollars (HBD)

HBD is Hive Blochain’s own stablecoin, which is softly pegged to the US dollar. With a flat 15% annual interest rate for savings, it is an excellent low-risk option for passive income by simply locking your HBD in a savings wallet and starting earning interest in real-time, paid monthly, and comes with a 3-day unlock period. So I just treat my HBD wallet as a digital savings account without leaving money at the bank and earn better interest without risking anything.

My HBD Progress

Last week as I checked, my HBD balance was sitting at 2,823.313 HBD. Now after transferring my author rewards and converting Hive-engine tokens to HBD, my balance now stands at 3,132.116 HBD, so I have made a weekly growth of 308.803 HBD in my wallet this week which is really impressive. My past goal with HBD Savings of a minimum of 3,000 is reached, so I have set a bigger amount to Reach 10,000 HBD, and I will be as usual working steadily on my way.

Leo Power (LP)

If you are probably new to Hive and don't know about Inleo, $LEO is the native token of the Inleo platform, which is being distributed as reward among its users for creating and curating content. Staking $LEO as Leo Power in your wallet boosts your influence and earns curation rewards when voting content is published via the Inleo platform, and it works just like Hive Power.

My Leo Power (LP)

Progress After participating in the recent Leo Power-Up Day back on Dec 15th, I staked a total of 150 LEO, bringing my total Leo stake to 12,011.13 LP. Since the last LPUD, I earned an additional 176.55 LP through author and curation rewards, all of which I will be staking back in the upcoming LPUD next week. this daily practice of posting and curating while increasing my Hive and Leo stake is bringing me closer to my long-term goal of 15,000 LP and achieving the OG “LION” status one day in the future.

Keeping on with the weekly tracking post and tracking my growth and progress keeps me motivated and focused. Because of the ongoing pump season, This week’s achievements reflect more power than usual, and mixing it with consistent effort and a clear strategy has gained me some extra bucks for sure. So, no matter if you are a beginner or an experienced user, I would advise you to always remember that Hive is not just about financial gains. It is a journey of learning, creating, and growing within giving back and being a supportive hand of the community.

If you are new on this blockchain through any platform like Inleo, splinterlands, etc. and just starting afresh, I would advise you to take it one step at a time. Set your own realistic goals, stay diversified, and keep communicating and building. Your hard efforts today will pave the stones for tomorrow’s success. But while you continue on the journey, Hive will slowly become your online address or your digital world, like a second home if I am not exaggerating. Nothing I say in this post is financial advice, please do your own research before investing in crypto.

I hope all of you liked reading my post talking about my financial growth. If this post inspires you even a little bit, I will be very happy to acknowledge. Let me know your thoughts in the comment section below and I will be seeing you all in my next post.

Posted Using INLEO