Hive still in accumulation zone
Watching charts on the 4hours time frame has been one of my best method of watching the market for short term trades as it tends to give me the reactions of traders in the overall daily timeframe but today today decided to check the weekly chart to see where hive is at and i was marvel at the length at which the price of hive have dropped in all pairs.
Hive has been drop with the rest of the cryptocurrency market over the past months as the bear markets kills eating up the liquidity in most assest and it looks like it's not gojng to boom any time soon as the volume is still dropping and the market trending down in both the bitcoin pair and the USDT pair RSI indicators has also been trending down with no clear sign of a price retracement in the long term, hive has been holding the 0.28$-0.4 price zone especially with the current market dipping in general for altcoins including the altcoin king Ethereum below 10x is value, hive still continues too trend down strongly with the rest of the market ,its avarage daily trade volume still ranges between $900k -$1.5m USD in binance which is still the same range over the past couple of months for a coin like hive with alot of potential the trading volume should have surpassed this range especially since hive coin is a POS blockchain with a second layer on the hive blockchain which is gradually reducing the volume of coins in circulation and causing liquidity shock which may soon skyrocket the price of hive in the long run.
While the markets focus on near-term headwinds, Hive Blockchain has been delivering strong numbers in development and upgrades with recent hard forksand development expecially on its second layer tokens of the blockchain , which is focus on scaling user retention. In its most recent year, the blockchain developers has be giving periodic reports on the progress of development ongoing on the blockchain, with hive-engine and leofinance team at the front lines with their dapps and community which forms the base of driving in more traffic to the hive chain and allow slippage to the other second layer tokens and communities of the hive blockchain ,massive adoption and pricing of hive too about $3 per coin Is not as far as we think expecially if the proposed plan of blackrock ETF is to push through, so much money will follow into cryptocurrency and also the current policies and rules of the giant twitter and reddit will also cause surge in traffic when some of their users migrates too use other options like leofinance thread.
For Newbies still finding their ways around HIVE you would suggest you join Airhawk-project community for support, you will need to learn more about hive-engine and how to use it to maximize your earnings on the hive Blockchain.
What is Hive-Engine?
Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on hive engine exchange.
What is Hive.vote
Hive.vote comes with the automation world of hive with Bot, HiveVote comes with amazing features which you can use to schedule posts, build a fanbase, follow a curation trail, and even automate claiming your payouts.
Click Here to Join this Community curation Trail @Airhawk-project for awesome curation reward
Buy and stake some Airhawk on LeoDEX or Hive engine exchange to get upvote from the community curation account.
JOIN AIRHAWK-PROJECT ON TELEGRAM Here
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