Is Now A Good Time to Buy HIVE ($0.35)?

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As avid users of the Hive ecosystem, we are all always watching the HIVE price like hawks. Right now, the entire Crypto market is being dragged to the dirt on news that FTX - the second largest exchange in all of crypto - was on the verge of bankruptcy and is (potentially) being bought out by Binance.

This has widespread effects. Some of the biggest industry players in crypto (TradFi players, who started dipping their toes in) were using FTX and were investors in various seed stages of the company.

Alongside this, SBF - Sam Bankman Fried - holds a lot of various crypto assets. It's very possible he's dumping many of these assets to try and save his business (see: SOL, etc.).

Is Now A Good Time to Buy HIVE ($0.35)?

We're not here to talk about the rest of the market though. We're here wondering if HIVE is a good buy right now.

HIVE was hovering around the $0.50 range for a very long time as the whole crypto market traded sideways for weeks and weeks on end.

Personally, I've been buying HIVE for the past several weeks around $0.50. As you may have heard in various podcast clips from the LeoFinance weekly podcasts, I have grown very bullish on HIVE lately and love the changes that we're seeing on-chain. Especially surrounding HBD.

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Additionally, I've had to buy tons of HIVE for the bHIVE & bHBD protocol on https://cubdefi.com/farms (I also love earning 37% APY for pooling HIVE and HBD over there). But that's a story for another day.

Key Metrics I Look At for HIVE

If you're reading this, you're likely an avid user of the Hive ecosystem. I don't need to tell you about the dozens of applications like Splinterlands, 3Speak and LeoFinance that have chosen to build Web3 on top of the Hive blockchain technology stack.

Instead, I'll tell you a bit about some less known metrics. A few places that I keep my eyes on.

HBD Metrics By @ausbitdev

This is a fascinating dashboard created by @ausbitdev which shows us key metrics related to HBD. You can find it here.

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Some of the key things I'm looking at:

  • HBD Market Cap
  • HIVE Market Cap
  • Current Debt Ratio (HBD MCAP / HIVE MCAP)
  • Hive Median Price

HIVE must stay above $0.0713 to avoid the HBD haircut rule being in place. We have seen the haircut rule take over a few times in the way distant past but this is a very unlikely event. I believe you could use this as a "Baseline" or absolute bottom for where HIVE could go.

This all being said, we've seen HIVE users and whales defend $0.10 before. I highly doubt we ever break that level. Not impossible, but highly doubtful.

Various Stats Reports by @dalz

There are way to many to cover but @dalz posts some sort of HIVE analysis at least 1x per week. These reports have shown me a lot about the inflows and outflows of HIVE. I'm excited to see how these metrics have grown more and more bullish.

Above are two of his most recent posts. Take a look at the Hive inflation metrics. It's giving "ETH Ultrasound Money" vibes.

Very bullish.

Arcange Daily Reports

@arcange has automated reports run daily on the Hive ecosystem. You can get an incredible sense of what is going on. Here's the latest report from him:

https://leofinance.io/@arcange/hive-finance-20221106-en

Some noteworthy things I look at:

  1. Supply
  2. HBD in Savings
  3. Exchanges (Inflows and outflows of HIVE to CEXes)

Conclusion

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It's time to draw a conclusion to the question I posed in this post: is now the right time to buy HIVE?

Personally, I have been buying at $0.50. $0.45. $0.40. $0.35... I have been dollar cost averaging into HIVE for weeks now.

As I said, I have other motivations than just waiting for the price to go up. I'm pooling HIVE on https://cubdefi.com/farms for 37% APY and simultaneously benefiting some of the things that I have my paws in.

That being said, I still believe HIVE to be a great investment for the long-term.

If I had to sum it up in 3 broad-based categories:

  1. Community
  2. Technology
  3. Economics

The community on Hive is second-to-none. We rival the conviction of the Bitcoin community in this regard. Our core community is a group of a highly active, highly motivated users who tend to be rather sophisticated when it comes to crypto/technology. I've met some of the coolest people on this blockchain and 9 times out of 10, they are all doing something for the benefit of the chain. Like building a business or a dApp here.

The technology of Hive has always been light years ahead of other blockchains. We have fast (nearly instant) and free transactions with a very large degree of scalability.

Frankly, I think you'll be hard-pressed to find a chain with similar tech or even tech that comes close. As a builder of Hive dApps, I can't imagine using any other chain to get the results we get.

The economics of Hive have never been more bullish to me. Actually, I believe that in the past on of the main hesitations I would've had (even though I always bought and held a lot of Hive) about Hive is the economics. In the past, we saw a lot of undesirable things related to Hive tokenomics.

Today, things are radically different. The HIVE DHF is working incredibly well and if you take a look at those @dalz reports I pasted above, you'll see some other metrics that are working in Hive's favor.

I was bullish on Hive because of Community and Tech but now the Economics have caught up as well. Add that to the list of reasons to HODL hive long-term.

See the chart I posted above? $0.35 has held pretty well for HIVE recently.

I do thing it's possible we dip below that but in my honest opinion, $0.35 is a really nice level for HIVE in the near-term. I think the Crypto Market is slowly approaching a bottom-out phase and this $0.35 might be something that HIVE bounces off of.

I'm no technical analyst. In fact, I don't really even believe in technicals. This is a highly opinionated... opinion.

Take it with a grain of salt (and also with all the other natural disclaimers of not financial advice).

Personally, I'm a buyer! ✅

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Our mission is to put Web3 in the palm of your hands.

Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io

Our Hive Applications

Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms

Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io

Posted Using LeoFinance Beta



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It's always a good time to buy hive 😁 I've been buying since 43 cents and no regrets it's still going down - just means more cheap hive!

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Haha yes! I have been stacking since $0.50.

HIVE has always been something great to hodl long-term. So many ways to earn whether you're staking for 12% on-chain or staking for 37% 🦁

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Best for swing trades in my opinion...suits my trading style so well! I've literally been paying 70% of my bills from swing trading HIVE. Never a waste to have extra hehe!

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One of the best decision I did was buy Hive when it was just 8 cents :)

Powered it up and built some good stack for myself.

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!ALIVE | !BBH | !PGM

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@khaleelkazi! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @vocup. (4/20)

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remaining commands 0

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5000 PGM IN STAKE = 2x rewards!

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Eventually it pays to buy and own hive. Especially when we look at the cumulative returns overtime. Personally I don't know if we might see more dips, but this is a favourite time to buy hive.

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Looks like many people are waiting for this level to buy HIVE. Grabbing some HIVE is definitely a good idea and I did. I'm excited and bullish on Hive.

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I think many people felt 50 cents was a good price for Hive . As soon as it dropped , everyone's mentality was "Hey this is great opportunity".

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I believe in Hive Fundamentals are Strong enough to think for Long term and buying more of this short time dip.

Well, I'm also buying from similar price range applying the same DCA strategy from $.0.5 to $0.35 This range is quite too cheap especially when it's Holding Good at this point.

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Indeed a good time to buy hive but I wish I could afford to buy big. Anyway, Thanks for passing positive vibes, I made today's leo blog about this topic too. Keep investing and be the richest. Good luck!

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I've never been more excited to buy Hive as I was today 😂 it's a different feeling when you know you're getting a good coin at such a cheap price.

I hope I get to buy more before the bull run hehe
But still, HBD savings is tempting for me too 😅

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I don't understand why Hive fell to $0.35.

Who is selling? I find it hard to believe SBF owned any Hive, let alone owned enough to dump it and move the price by 30%.

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The FTX exchange news caused crypto crash . All the crypto is affected including Hive .

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I'm no technical analyst. In fact, I don't really even believe in technicals. This is a highly opinionated... opinion.

I share your opinion it is a self-fulfilling prophecy, so many people believe and trade on the same fundamentals that they end up becoming real.
I stay away from TA, I prefer to just make random buy orders at prices I feel comfortable with. Just bought some more hive 😁

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I never thought I'd see these levels again during this bear market. I'm a buyer.

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Right there with ya. I've been Buying up hive since $0.70 days. To be honest I feel like there's no reason to really hold the HBD and instead just convert that into Hive or place it on the CubDeFi right now.

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my buy point is 20 cents. At this rate that might not be super far of :P

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Heyy , no I don't think it will hit 20 cents :( Already it's going up and now stabilizing at around 33 cents.

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soon TM :) there is plenty of bear market left

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I couldn't have imagined that I could buy Hive at these prices. This could be a great opportunity.

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This is very reasonable idea getting hive now and stacking it up... but my hopes was it going higher...I also have been watching how the market has been going up and down. The news of binance buying FTS is not so new to me...the market wasn't stable.

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I have been buying since 0.5$ and immediately I see the price drop drastically I jump into the market to purchase more hive. Always feel good to buy more hive

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Now it's an even better time. $0.33 at the moment of writing the comment. I know it feels like catching falling knives, but for long term holders buying at $0.50, $0.40 or $0.30 makes pretty much no difference.

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In my own understanding, now is the right time to buy more hive especially the long term holder.

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Looks like we are knocking on $0.30 now, and pretty much in free fall... Not sure what a good entry point is, anymore... I'm guessing we might see 20 cents.

=^..^=

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I am buying. It seems to me that the buyers are the ones who will stake it and take it off the market. This will probably create a famine for traders when the price goes up again and will push the value to higher highs. Not financial advice, Just my musings.

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I bought a bunch at .36 and Now that it's down to .3, I'm thinking about buying more!

Now the only question on my mind is do I power up with it or sit on it until Hive goes back up, then flip it to HBD. Hmm...

!PIMP

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You're a big liar but I'll believe you anyway... because like you...I love the people and the tech...it's world class...and ps: you Lied about $0.35 being a nice level for Hive...lol...it's almost $0.2 and it's still a nice level...time to stack up!

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If $0.35 wasn't a good time $0.29 definitely is! It may not be time to back up the truck yet...but it is for sure time to take a nice bite!

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Less than $1.00 USD is always a buy for me. Just bought HIVE two days ago. I wish I have extra funds to buy it now.

!PIZZA

!CTP

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This looks like a golden opportunity for me to keep buying at a cheaper or lower price i will definitely keep accumulating in a time like this ,you have shere with us a good information @khaleelkazi

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Hive at 0.3 is for any investor to wait for a day like this. Although the market sentiment is negative, it's equally an opportunity. I am sure many have filled their bag.

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I am planning to buy an extra 10k Hive today. Let's see how things will roll out.

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This price opportunity ($0.3) is rare and might not happen again. It's only wise to make use of it to be a partaker in the blessings.

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Obviously a good time to buy, I've been watching the performance for some weeks now

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In my own perspective, I don't think now is the best time to buy Hive well I'm actually speaking for myself because some others might see as an opportunity and if they do see as an opportunity they should go for it but not me.

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Realmente no,, se acerca diciembre y todos sabemos que sucede hasta el 25 de ese mes, los precios tienen tendencia a seguir bajando, no se extrañen de un BTC a 14 mil o menos
Febrero es la fecha para la recuperacion segun el historial de las cripto.

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Hi, actually this is an excellent article as usual, and I really think it is a great time to keep accumulating Hive, I hope to accumulate enough to wait for Hive price recovery.

Thanks for such valuable information. Regards.

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!1UP Hive fundamentals are stronger than ever before; if you're in for the long run, it makes a lot of sense to keep buying right now... or even buy more!


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For long term, it is certainly good. For short term, probably it will go further down. We will see.

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If you were happy to buy and earn HIVE yesterday, then a random exchange going under that has nothing to do with our decentralised, permissionless network, shouldn't change your strategy.

In my opinion, HIVE crypto was a buy yesterday and it's still a buy today.

But what would I know 😉.

This is certainly not financial advice!

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