HIVE Remains Quite Powerful As Bitcoin Struggles To Maintain 30K Support
After the sharp drops in the crypto market, Bitcoin is drawing a stable chart around 30K. As the bears struggle to push the price down, the bulls do not allow it. On the other hand, while some cryptocurrencies are vulnerable to sharp drops, HIVE remains quite powerful.
Bitcoin (BTC) is currently trading at $ 30342. When we examine the hourly chart, Bitcoin has been moving around 30K for a few days. It also seems to be very important psychologically in the 30K. There may be a break around 30K in the coming days. If the support here can be maintained, Bitcoin may move towards $ 31,500 in the coming days. There is a huge resistance around $31,500, where Bitcoin needs to break before it can enter a new uptrend. If the bears manage to push the price down, the next support is at $28,400. The major support is at $28,000. If the supports here are not maintained, Bitcoin may fall even lower.
In this month of sharp declines in the crypto markets, we have seen that some cryptocurrencies are vulnerable to these falls. Unfortunately, some cryptocurrencies and stablecoins have failed. HIVE and HBD have proven to be among the strongest cryptocurrencies. They were among the assets least affected by these sharp declines.
HIVE is currently trading at $0.51. Frankly, I expected HIVE to drop to $0.3 during these sharp declines, but it didn't. I can honestly say that it performed better than I expected.
Similarly, the Hive Backed Dollar (HBD) is proving to be one of the strongest stablecoins. I was amazed by the performance of #HBD these days when some hard coins are having a hard time. Honestly, HBD should be appreciated for being so powerful.. Although the media ignores this excellent performance, those who follow the crypto markets can clearly see HBD's strong stance.
Similarly, #Polygon #HBD (PHBD) has been one of the top performers in the crypto market. The fact that #PHBD is very close to 1 dollar shows that PolyCUB is working very efficiently and successfully. Click for more information about Polygon HBD (PHBD). PolyCUB is a DeFi 2.0 yield optimization platform. To view the opportunities on #PolyCUB : https://polycub.com/
Everything seems to be going well on the HIVE side and looks pretty strong in the crypto market. Although the media ignores it, HIVE will be appreciated in the future. And it is impossible for those who really follow the markets not to see HIVE's performance. HIVE's success today is promising for the future. I think #HIVE will perform much better with the widespread use of WEB 3.0.
These are my thoughts, what are your thoughts on this?
I do not give financial advice. My posts are my personal opinion. You should do your own research before investing.
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5 years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem
5 years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem
https://twitter.com/rtonlinetv/status/1526539958726565889
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Fact, and you can see that very good at the place of Hive on Coinmarketcap, Hive jumped 10 spots since last week. Which is showing clear strength!
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Yes, ranking matters. I believe it will be in the top 50 in the future.
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Am impressed as well looking at how Hive have been holding strong at 50 cent, as for BTC if it can hold onto 30k a few more days or week we should expect upwards movement from there.
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Yes, it affected me too. I'm waiting for 30 cents to buy it but it looks like it won't happen.
We'll wait and see.
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I setba buy order at 20 cent maybe I should reset for 35 cent I really hope BTC dips so it pulls down the ALTs .
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I also set the buy order at 30 cents. I will wait a little longer. I hope I don't miss the opportunity.
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There is a wide appeal for BTC. Generally speaking, people are bitcoiners before they get to be altcoiners. Governments have been conspiring to make transfers via BTC from country to country more difficult. Why am I unable to use Canadian based exchanges from abroad? It's an attack by governments against users of cryptocurrencies.
Canada: No longer free, not so strong, but still north and cold in the winter.
Bitcoin has become an asset that is adopted and preferred by many segments. That's why it's the market leader and it's really quite strong. Countries and giant companies usually make their first investments in Bitcoin. This shows that it may be more valuable in the future.
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if you can afford it, hang on to it...
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Hive is definitely performing better than I thought it would be but I still think it's generally following along with the market. I guess the people who were selling Hive have stopped selling because there isn't as much fear out there.
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They all follow the market, but ultimately HIVE is better than most. I wish they were scared and did some selling :)
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Of course, because HIVE is way better than Bitcoin!