Without the Korean wacky buying club

I have noticed that the last week Hive has been steadily climbing up the ladder again, in both BTC value and USD value. The rank in CoinMarketCap has gone up to 125. This all amidst very volatile and crazy markets. With the energy crisis in Europe, the highest inflation in 46 years, Bitcoin dipping below 20000 USD again this week, Hive surprisingly has held its head up above 55 cents.

And, importantly, this time without 400 million dollar volume in trades from South-Korea. Everything happens within a normal volume range. This is in my eyes a very bullish sign for Hive. A sign that actually have seen for the first time. Usually when Bitcoin dips, Hive dips with it, but not this time, Hive has kept its USD value, and has risen in value when it comes to BTC terms. This is something I haven't seen yet, at least not for a such long period of time. This could happen for a day or maybe 2 days, but not longer. It means that Hive has found a minimum value not to dip below. Which is amazing news in the long run.

This doesn't mean that Hive can not go any lower of course, but for now it is holding pretty damn tight. And that is something very encouraging for all of us.

There will come an end to the turmoil

Now imagine steady markets, without the volatility of the last weeks, and Hive having this great support, and project what is possible then... I see 5 $ Hive as a very strong possibility once this turmoil has passed. And, that is an economic law, it will pass, it always does. The only question is: When?
So, if you have some time to spare, be my guest and put your faith in Hive and its economics, and all that is beneath it. I have a gut feeling you won't be disappointed!

Sincerely,

Pele23

Posted Using LeoFinance ^Beta