Hive - The Perfect Storm?

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Something magical is taking place on Hive right now and the timing is looking more and more perfect.

Lately I have been following @penguinpablo's posts a little bit more closely as what is being played out currently is of huge importance to all of us. The effect that Splinterlands is having on Hive right now is not something we are used to. Every single account that is created needs Hive as without Hive you have no Resource Credits meaning you cannot function.

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The market is currently in a bull cycle as we all know and as long as the Hive is going off the exchanges at this rate this could create the perfect storm for everyone here. 25 million this month and possibly 25 million next month would basically half the liquidity available for everyone to trade with. 135 million Hive down to the regions of 75-80 million Hive would make a huge difference come a month from now. Who knows as we could see much more leave the exchanges this month and this is just the start. If Slinterlands (SPS) gets a listing on an exchange and rockets in value every man and his dog will be signing up.

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The 25 million Hive used to create those accounts is tied up and the next batches of Hive will as well as long as this growth continues at the rate it has been. I see no reason why it wont as the last month was just the early birds hopping in and now the rest will have FOMO and another wave that is bigger hopefully will come down asking for an account so they can play.

This is good all round as not only is it using up the supply on the exchanges but it is also giving Hive a head start once we have our chance on the bull cycle. lately it seems to be happening in batches and not all the coins being favored all at once. Having a starting point 50% higher than what could have been could be exactly what this blockchain needed.

I have always seen Hive as undervalued compared to what other projects have been doing. Hive has been shunned and kept under the radar by many influential people as they know what we have here and it is a threat to many other block chains. Hive at $5 is no longer keeping quiet and where we need to be whether it is now this year or some time next year and I do believe it will happen.

The difference this time is this is no pump as this is the use case coming to the fore as Hive is required to open accounts and for them to function with Resource Credits. Many have said in the past this is how things would play out as it takes one Dapp to take off to show what we have here.

Posted Using LeoFinance Beta



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17 comments
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Hive is moving up, many people are using Hive,you can't do anything in Leo finance without using Hive.Hive is increasing as BTC are increasing.For people that have not secure enough Hive should secure more now because Hive is going to enter on bullish trend soon.
Thanks for the update.

Posted Using LeoFinance Beta

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I feel the same way about hive and agree it's been undervalued for a while. I think the popularity will truly kick more after a while

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(Edited)

We are seeing things starting to fall into place. It is exciting to watch. The RCs are going to be required for all activity on chain. As activity grows, so will the need.

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I believe the pieces are starting to be put together. As more and more Hive dapps find their way to success we'll probably see much more people coming

Posted Using LeoFinance Beta

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I believe we are on the precipice of something huge for HIVE... Splinterlands has been such a blessing for this whole ecosystem. Imagine when all these ppl learn to use their HIVE accounts later...

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The amount of HIVE leaving the exchanges is fairly crazy. I am wondering what the effects of RC pool delegations will have on the amount of HIVE leaving.

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Congratulations @cryptoandcoffee! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

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Check out the last post from @hivebuzz:

Introducing the Hive Power Up Month - Let's grow every day!
Hive Power Up Day - September 1st 2021 - Hive Power Delegation
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I hate to contradict a positive story for Hive, especially when I do think Hive is doing very well, but if you take a look at some of the some of the Hive statistics posts, you'll see that most of the Hive leaving exchanges isn't being powered up for RC credits. Not saying that won't happen at some point, but right now the blockchain has so much headroom that it isn't charging a lot in terms of RC.

To see my point, you can take a look at these two posts: and you'll see that HivePower hasn't changed much in the past 8 days:
144,244K HP
https://hive.blog/hive-133987/@penguinpablo/daily-hive-stats-report-tuesday-august-24-2021

144,248K UP
HPhttps://hive.blog/hive-133987/@penguinpablo/daily-hive-stats-report-tuesday-august-31-2021

So a net powerup of only 4K Hive over the last 7 days.

So where's the Hive going? It's mostly being converted to HBD via the Hive->HBD conversion operation. It looks like 20+M Hive has been converted in the past month!

This statistics post shows we've burned over 522K Hive from conversions in just the past week!

And I calculated another 170K Hive has been burned in about a week from Splinterlands account creation.

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Thanks for that as it helps to understand what is really going on. Still good news though and I will keep watching this stat now.

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Thank you for your update.what is effecting splinterland let pray that it has nothing to do with hive in proof of brain community.what am expecting this time is increase on hive.


Posted via proofofbrain.io

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That is some exciting news! It would be really cool if this drove Hive to be listed on some more exchanges. Right now I think my only option is Bittrex which doesn't work great all the time. Coinbase would be perfect!

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Layer 2 dApps will bring Hive the recognition it deserves. Splinterlands is just the beginning.

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