HIVE Surges To $1; Great Or Not?

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We have seen Bitcoin pushed through the $50,000 region again and so far it has settled at around the $49,500 mark which is something exciting to see. Let's just hope that it can maintain this region and then begin to rally upwards to a new level of $52,000 in order for us to then see a push or perhaps a sustenance at $55,000 which will be a great milestone to see next.

I believe this moves in Bitcoin has also inspired HIVE to find some boost in value in the past few days as it's currently trading at $0.98, which is a 54.4% increase from it's trading price in the last twenty-four (24) hours. This is undoubtedly a great news for every Hiveians and t gives plenty of hope that there's still a lot to happen in the cryptosphere and most especially with Hive.

But the fright now is; How well will Hive maintain this new price level?

If we are to see a sustained level of price action in the next few weeks, then this will be very important for Hive and the entire cryptosphere in general. It might be that Bitcoin has done all it can for now or it might just be able to build on these new levels and then go higher, likewise the same for HIVE. Many of the fundamentals are looking very good indeed it could be that the cryptosphere might be entering a new bull cycle. But my bet is that HIVE would most likely still sink back a little to $0.7ish price before we can then begin to see a maintained price action.

What do you think concerning this?

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13 comments
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I will rather attribute this hives price action to Splinterlands instead of Bitcoin. But ofcourse Bitcoin also has its own part to play in it. Well let’s enjoy it while it lasts. Fingers crossed for what comes next

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I will rather attribute this hives price action to Splinterlands instead of Bitcoin.

Well, that's also is true. There have seem to be a lot of buzz around Splinterlands lately.


Like you've said let’s enjoy it while it lasts 😃. Thanks for stopping by

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According to what I'm seeing,it seem Hive and BTC are moving together.As BTC is increasing, Hive is also doing the same.But both of them will go for correction before bullish trend will continue.
Thanks for the update

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But both of them will go for correction before bullish trend will continue

You are most definitely right about that. Thank for sharing you thought with me. Its appreciated!

Do have a Nice weekend.

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Didn't I tell you yesterday that hive was going to a dollar

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Oh well let's enjoy it while it lasts

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All Hail the legendary B0z 🙌🏾

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😂😂😂

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The value seems to be fast decreasing now due to large number of those selling out..

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Indeed! It was expected to happen. Let's keep hoping for better days 🙂

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