LeoFinance - 2021 Great For Hive, Will 2022 Be Better?

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What a year it has been for Hive. In this post I would take a look back at where Hive was before 2021 and a look ahead toward 2022.

Hive Price Appreciation

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Can you believe at the beginning of 2021 Hive was under $0.20. It was much closer to $0.10 too! Yet here near the end of 2021 without any strange cryptocurrency crash Hive will finish over $1.50. That is 1500% rate of return in a year.

As of now coinmarketcap.com has Hive ranked at 124 and very close to cross over to top 100. In addition during a portion of 2021 Hive had reached a market cap exceeding 1 billion in total. It will be interesting to see how 2022 will play out.

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If we assumed the max supply of Hive is fixed where it is at we will need Hive to hit $2.56ish to see market cap hit $1 billion. However Hive is inheriently inflationary. The $1 billion is easier to reach with more Hive in circulation so come 2022 as long as Hive prices can hold steady it will be ever closer to a billion market cap.

Splinterlands

If there had to be one app that effected Hive profoundly it is likely Splinterlands. The game may not be played by participants of Hive, but the game produces more than 90% of the blockchain's activities and is currently the top dapp in cryptocurrency.

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Chart above courtesy of @arcange is the most recent percentage of activities of top dapps daily on Hive. With over 90% activity coming out of Splinterlands it is clear where the activity on Hive blockchain is generated from. We compare the total daily activity with other blockchains via Blocktivity.

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Hive is ranked 3rd overall just behind WAX and XLM.

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Although Splinterlands burst of activity has been steadily declining in recent days it is still a lot higher than where it was at the beginning of the year. In addition there are still over 4,000 daily new users signing up for the game while handling over 400k daily users.

Conclusions

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Another chart by @arcange above is showing how many people are on-boarding Hive. We are eyeing on 2.5 million total signups sometime in 2022 but at current rate it appears this can be hit very soon. The more participants the more Hive dapps will be used.

In conjunction of increase users on the blockchain is also the introduction of many new dapps and games to Hive blockchain. The big ones that I am awaiting for to come are:

https://peakd.com/hive-196251/@muterra/muterra--development-update
In game website: https://play.muterra.in/

https://peakd.com/hive-131619/@ragnarok.game/ragnarok-is-upon-us

Of course who can forget Splinterlands. The developers are focus for another banner year in 2022 and scaling up big. Now with the the Chaos Legions cards out of the way there are other expansions set to be released such as the plot land expansion.

There is so much to look forward to with Hive in 2022. I honestly focused mostly on Hive games and have not fully dived into what other apps are in development or coming up soon in 2022 but I am certain many others on the platform will spread the news.

I am heavily invested in Hive and will be come 2022. It was an exciting 2021 to say the least and look forward to the year ahead.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!



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Hive is growing steadily and with the new projects launched in 2022 by Leo Finance team, Speak Network, Ragnarok and so on we should see a speedy rise of users. I think it will be the best year yet for HIVE!

Posted Using LeoFinance Beta

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Can you believe at the beginning of 2021 Hive was under $0.20. It was much closer to $0.10 too! Yet here near the end of 2021 without any strange cryptocurrency crash Hive will finish over $1.50. That is 1500% rate of return in a year.

I can believe it, yes.

Because we were here creating content and B-ing TMFD :)

But this is just the beginning for HIVE and we shouldn't slow down now.

Hopefully see you all back and stronger in 2022!

Posted Using LeoFinance Beta

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Hive is growing everyday and if we continue in this pace, the sky is just the beginning

Posted using LeoFinance Mobile

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I hear you on that now that Hive is at a $1.50 steady I think this is just the beginning. In 2022 I will buy a lot more Hive than I did in 2021 because I believe that by the end of 2022 Hive will be at a steady $4.50.

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