7 .How To Invest in Cryptocurrencies - A beginners Guide - Part 2 | Steemit Crypto Academy | Lesson 7 by @endersontowers

in SteemitCryptoAcademy3 years ago



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1. Read the project whitepaper and compare the concept.


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Hive project concept.

Hive was created in March 2020 out of a fork of steem, after Justin Sun took full ownership of the steem startup, a part of the steem platform emigrated from the platform and decided to create hive, if this platform is basically Like steem, it works on a blockchain for the blockchain, it is decentralized, with open source, this currency is created as a way to reward post creators on the hive social network.

Steem project concept.

This platform was created in 2014 by Dan Larimer, it was based on the blockchain of the blockchain, this platform works as a social network, and was one of the pioneers on the subject, since users can create a publication and can be rewarded for paid votes, steem is decentralized and therefore is based on the supply and demand of the currency.



2. Compare social scope, project purpose, team, market response.

Hive, on the other hand, has achieved great popularity among people today, since it is practically similar to steem, the purpose of the project is to be a social network with paid votes that users can generate money through publications, it was created by users From steem and steem developers, the market response has been 30% lower than steem as it is still new to the market and new users are adapting to it.
Steem for its part has achieved great popularity through its long history in the market, the purpose of this platform is to be used as a social network with rewards in votes paid to users, today this platform is extremely popular, and the great Demand for the currency has caused it to increase in value, something that has not yet happened with Hive. But I have a feeling it will happen at any moment.



3. Compare market capitalization, liquidity and trading volume, circulating supply, active addresses, maximum bid, transaction count, and so on.

Here you can see all the statistics of hive.

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Here you can see all the statistics of Steem.

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Decide which coin will be the better of the two selected coins. Support your decision with the above facts

Previously we have observed the numerical statistics of the financial market of Hive and Steem, I particularly see many positive things in hive that will make it a magnificent project in the future because the numbers support it, it only needs more popularity among investors, in its part I see steem a lot of future since most investors trust him more because of his long history, and many users trust steem more because it is more transparent and the ease of working on the platform makes it the preferred one for many, I see steem as a source investment is more convenient today to invest since this currency is very volatile and by supply and demand, it is making this currency acquire a jump value that makes it attractive to many investors.




Thanks in advance
@besticofinder
@steemitblog
@steemcurator01
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Hello @endersontowers,
Thank you for submitting homework task 7 ! You have done a comparison between Steem and hive with a fundamental analysis. keep up the good work [5]

Thank you

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