My first post on WSB (HIVE Basic Analysis)

about 3 years ago (Edited)

This is my first post in the WallStreetBets community, many thanks to @theycallmedan for promoting this project and for supporting all of us writers.

WallStreetBets, the idea is to promote HIVE and attract the attention, above all, of the original WallStreetBets community. For those who don't know what WSB (WallStreetBets) is, it's a subreddit founded by Jaime Rogozinski where participants discuss stock and options trading.

I recently met him, after the GameStop scandal and I am wondering to see and understand perfectly how it works and how to get involved.

Today we will do a very brief analysis of the HIVE token in the course of these last weeks.

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As you can see, the cryptocurrency had a rather weak start to the year, in the first 20 days, the currency remained at an almost constant price between $0.11 and 0.13, the capitalization It also remained at an approximate of $ 46,000 to $ 56,000 (approximately), while in parallel the BTC increased in value without limits, here is a graph so that you can see the increase of the BTC from the beginning of the year to the 16 February of this same 2021. We also recognize that Bitcoin is the mother cryptocurrency, and therefore, large companies and large political-economic events are mainly reflected in this currency, in addition, large entrepreneurs such as Elon Musk, have decided to invest millionaire amounts in this currency so far this year.

Crazy sincerely, the BTC did not reach its historical maximum for years, precisely one December 2017, where it barely managed to reach $20,000, today it is worth more than double that "record".

You just have to have a lot of hope and patience, the HIVE has tripled its price since the beginning of the year until today (February 16), lately it has had a very high volume and there are many initiatives and projects within the community that are quite interesting. They may positively influence the price of the currency, I am not an expert in cryptocurrencies at all, but something I have learned is that having patience in this world is the best option and it has always paid off, you do not have to be impatient and change the tokens We barely get them in our local currency, nor do Power Down, it seems to me the worst move.

Do not look at the negative values, since they are from the last 24 hours, and yesterday's trade volume was more than $ 200,000, the highest volume of the currency this year for now, that's why there is 50% in values negative, however the volume of the day this publication was uploaded was $ 100,000, another incredible value for HIVE

I am not an expert in cryptocurrencies and I am not close to being yet, I simply review the prices and analyze the graphs of the token at a basic level, you can see this in the application of Coinmarketcap.

I hope you liked my post and remember to support the WallStreetBets community within HIVE, this was my first post. You can let me know in the comments any questions, constructive criticism or suggestions you have.