Week through Adrian's Lenses (23-29 January 2023)

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We're closing into the end of January and I'm sure we all remarked what a heck of a month we had in cryptocurrency and Hive when we talk about price action.

Maybe you haven't done the math, but HIVE rose by 65%+ from this bear market lows.

The greatest win HIVE has on the price action, in my opinion, compared to the past, is that now we move with the market, regardless of direction, and not at a considerable lag behind, making it look more alive.

As we have seen lately, the rising price for HIVE, while it rhymes with what happened in the cryptocurrency market, it is also backed by a series of developments and news that came from our ecosystem. This week wasn't any different.

Week on Hive

I'll start with a piece of news that is more than a week old, but just came to my attention this week:

3Speak

Seems like a lifetime ago when 3Speak was criticized for being centralized while they talked about censorship resistance and decentralization.

In the meantime, they grew from the grassroots a behemoth of a project that is SPK Network, where 3Speak will run among other types of dapps.

While developing SPK Network further they also recently announced a refactor of the 3Speak application, moving to version 2.0 of the framework, which means:

Modern UI framework
Complete redesign of numerous pages on the 3Speak site
Improved login experience
Setting the stage for many new features
Improved backend reliability & versatility.
Improved support for 3rd party DApps

Cast Garden

Since I talked about 3Speak, a new podcasting and live-streaming platform started its adventure on Hive. I didn't see an announcement post, but I found out about it from one of Task's posts, and here is the link to it: Cast Garden.

Hive Core Development

There is some focus on improving recurrent transfers currently, as well as more optimizations of the core, and also HAF. There is a discussion about introducing a smaller-scale hard fork 28 in about 3 months. Everything in the bi-weekly dev talk:
https://peakd.com/core/@howo/core-dev-meeting-45

New Interfaces for the Internal Market

The old interface for the internal market on HIVE/HBD now has some alternative.

For some time we have had the AMM-style (Uniswap, PancakeSwap) interface provided on PeakD via their open-source Peak Open projects funded by the DHF. Being open source, anyone can integrate HiveHubDev in their interface.

Another internal market interface (HiveDex) was released by @mahdiyari (developer of hive.vote and witness) and has the look and feel of CEX order-book interfaces, with a candlestick chart (including price and volumes), which the old interface doesn't have. This is his announcement:
https://peakd.com/hive-139531/@mahdiyari/hivedexio-new-interface-for-the-internal-market

And finally, Ecency came out with its own advanced version of an internal market interface (based on binance.com) and an invitation for traders to use it and offer feedback:
https://ecency.com/hive-125125/@ecency/invitation-for-traders-to-test

Week in the Cryptocurrency World

I don't want to venture more into the wider market news his week.

I have a useful takeaway from this month: don't fight the market!

As crypto was moving higher, many of those expecting it to go lower and taking aggressive positions on that side were getting recked. And I don't believe many truly expected crypto to go practically in only one direction, as it did, even if many hoped it would.

This week the fear & greed index turned to greed for the first time since the bear market started.

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The question is, now that the greed returned, will the market do the exact opposite of what the general sentiment indicates? This is probably a bad indicator, so, I'm ok either way.

Posted Using LeoFinance Beta

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40 comments
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As far as my crypto experience goes the market will now go up slowly and not down. And the way Hive is performing in this market we will see it at one dollar in coming days. If Bitcoin closes its weakly candles above 25,500, we will be sure that a bull market has started in the coming days.

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That would be great. Everybody loves the bull market! Well, except for the incorrigible shorters.

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It's like many people didn't want the market to go up lol. They wanted it to stay down for awhile. But the market isn't listening to us, it seems to have a mind of its own. I wonder what it will do next now that we're getting used to the green candles and the greed is gradually building up.

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I was one who would have loved to have more time to accumulate. But at the same time, I will be happy if the bull market comes in earlier than I expected.

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Hi, @gadrian.
Thanks for your weekly report on Crypto and Hive!
It's been a great month for it.
Barb :)
!BBH
!CTP
!HBIT

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Yes, it was a great month! With such a start the sentiment changed already.

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I wonder what February will be like. It is a short month. Could this make a difference?
😊

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Cast Garden
Since I talked about 3Speak, a new podcasting and live-streaming platform started its adventure on Hive. I didn't see an announcement post, but I found out about it from one of Task's posts, and here is the link to it: Cast Garden.

I missed this one! I'm not a big fan of podcasts, but I know that many are, and seeing one built on HIVE, for Hivers is great to see!!!

Thanks for summarizing the last week... It was busy on our blockchain for sure!

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I missed the one it was built upon too: Hive-Tube, both developed/released by @agorise. Luckily, I read someone who didn't miss it. Thanks for your comment! Yes, there were quite a few announcements, which is great. I didn't even include all of them.

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Wow! Thanks for sharing this info! That is huge! It looks like something small, but it has a lot of potentials... We need more similar apps as backups for current ones... Or just to motivate each other to improve things... I preach that slow and steady is good, but it can be a bit faster... it wouldn't harm nobody... 😂

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I wonder how come it never became more popular. It's version 7 already, Hive-Tube.

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After a bit of research... I could guess or speculate about it (why it's not popular), but I suppose it's not a topic for the public...

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Have we really waited for a bull market? I'm still hoping to buy Hive a little cheaper! 😜
!PIZZA
!invest_vote

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Me too, but I don't want to upset anyone who wants the bull market to have started already. I believe, although I may be wrong, that we will have at least one big dip before we go full crazy. Unless the "one big dip" was what we experienced in late December, in which case, this is it.

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😜💪🔥
!PIZZA
!invest_vote

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It has been an exciting month for Hive in general. It will be awesome to see what else comes along.

Nice report, Adrian.
I appreciate the updates.

!CTP
!ALIVE

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This was a pretty amazing start of the year, in my opinion.

Thanks for being interested in these weekly reports, John.

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It's been a weird market as both the stock/crypto market both went up. I think I saw everything except for the small hard fork that they have considered.

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(Edited)

Have you seen anything else worth noting last week? I ask because you generally frequent more places than I do. There are a few things that I saw and didn't list either because I talked about them last week or because I expect to talk about them this week or simply because they didn't seem as interesting.

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The market has totally surprised most people with its rapid rise without any pullback. I am surprised to see the Greed sentiment so quickly. It goes to show, you cannot predict anything in this market, expect the unexpected.

I have picked this post on behalf of the @OurPick project which will be highlighted in the next post! Comment Footer.jpg

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Absolutely! The market is definitely irrational enough times, so despite all the analysis, its trajectory can be unexpected. Thanks for dropping by!

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Hmm how is 55 Greed when 53 is Neutral haha.. Anything above 70 or 75 might then seem Greed to me.

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75% is close to extreme greed as far as I remember how this scale works.

But I agree, 55 is more or less neutral.

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Never a dull moment on the Hive blockchain. I haven't been on 3Speak in a long time. Looking forward to the changes and seeing how they work out. I also bookmarked the link for Cast Garden.
Thanks as always for sharing your perspective on what's going on here, @gadrian.
!ALIVE
!CTP
!BBH

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I've never used 3Speak as a content creator. But I follow it because that's an important piece of our ecosystem.

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Interesting share on the greed portion.

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It is a bit inconclusive, but the index grew significantly lately.

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