HIVE price at the moment
After the last post about our HIVE coin which you find here, there’s not really some news regarding price action. We are still in no-man’s-land of 15-50 Cent with the lower side being the cyclical low and the upper side being the midterm resistance level of ~50 Cents.
HIVE potential
Since the actual price action is not that exciting I had a look at the market cap and now it’s getting interesting! HIVE currently is #376 on the list of all cryptocurrencies with a market cap of only $87 million. That is tiny but it also has huge potential on the other side. We can easily 10x from here and won’t be not even close to the $1.1 billion market cap we had in the last bullrun. Of course we need demand increasing to be able to do that but it doesn’t need that much. A few bigher orders of traders buying in or whales stacking some more coins and we are up and away.
My price target for HIVE
…is therefore still $1-2 in the base case. That should be very probable to reach, since we are so small nowadays and it doesn’t take much to raise price levels from here.
If we are lucky and HIVE gets back into the attention of some bigger buyers then we could reach the area of $3.41, which was the last ATH. I don’t see anything beyond that honestly.
What do you think? Is the low market cap a promising sign for future growth or rather one for the diminishing attention for Hive from outside our ecosystem?
