Its good to see $HIVE is on a good movement as everyone was complaining about it for not going up. It was having a strong resistance at $0.4 which is now broken and it crossed this level. Now it looks like $HIVE will continue upward momentum from here.
If i am not wrong , when Bitcoin was at $30k then $HIVE was trading in area between $0.35 to $0.37, looking to these stats Bitcoin has come up a long wa up while $HIVE hasn't moved that much. But its good to see $HIVE finally leaving that area and looking bullish finally, hopefully it will fill up the gap.
$HIVE is giving bullish vibes in the longrun, we have seen it already, it is a bit slow as compared to other altcoins .When other altcoins pump it doesnt care, it draw its own patterns and show growth when you dont expect.
After hitting $64k Bitcoin has become stable in the area of $62k the last few days. Some of altcoins are also pumping but memecoins are pumping hard which could be alarming for the crypto industry.
Memecoins like Pepe , bonk and shiba inu are pumping big without having any significant usecase while on the other hand solid altcoins are not moving the way they should. It is not a good thing for crypto as the trend just does not looks good and can be harmful for crypto base.
Unfortunately , people now run behind memecoins as they consider them a shortcut to get rich. It could be possible to become rich with it but it does not support the true meaning of crypto. On the other hand , you may also lose all your money into meme coins as they also comes with high risks.
Personally , i have lost money to meme coins in the past when i was a newbie in crypto. I know a few of my friends who also lost a significant money in Memecoins. They wanted to get rich but lost it all.
The rising trend of Memecoins is not good for all of us as it ruins the basic crypto principles. Crypto industry has become a joke since Meme Coins got hype. It is simply unbelievable to see these trending all over the internet.
There are many Memecoins whose marketcap is in billions , a lot of these have more marketcaps from a lot of good solid projects, which is very sad. This also is a question mark on the choice of investors. It indicates investors interests towards garbage.
Big companies especially CEX owners should not support Memecoins instead they should focus on the growth of solid projects who deserve attention and support. I bet if they follow it then it will make crypto stronger than ever.
We should all need to think and review on our investing choices and interests, if we continue with the same way then it would really be harmful for the crypto. Remember , we are responsible for the good and bad of the fate of crypto.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.
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