Sleepy HIVE
Since almost 18 months now we are in a sideways movement with HIVE trading between 25-50 Cents. Let’s be honest, that’s boring and a bit disappointing, seeing other Coins like BTC, SOL or NEAR doing 3x, 5x or even 10x. We are still not far away from the cyclical low and patience is getting harder to sustain for many of us, no?
Two reasons
But our HIVE is special, isn’t it? This Coin is waiting calmly for his time to come, doesn’t it?
Honestly, there is two reasons for the sleepy HIVE:
First, it’s simply not yet the time for the broader altcoin market to rise, especially the smaller projects like ours. HIVE is at the moment on #317 with a market capitalization of roughly $ 150 million. That’s small cap and small caps rise later in the cycle. Look at last time. That was the same.
Second reason is that HIVE is not within one of the big narratives of this cycle like Bitcoin, AI, Memes or Gaming. That’s why many investors haven’t looked our way and are researching other projects. So far…
Good news
That was rather disappointing facts, now comes the good news: Our time will come! HIVE will wake up at some point in the coming months and rise significantly. I am still not sure if we are strong enough to see a new ATH beyond the $3.41 BUT the area between 1-2$ shouldn’t be any problem. That’s a 3-6x to come from the current level.
So stay patient for a bit longer guys, HIVE will make comeback and give us some nice gains.
When do you think we will start to wake up? Right after the halving?
