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RE: Three Reasons Why the Price of Hive Is Declining Lately

in Project HOPE • 4 years ago

Dear @gandhibaba

Thanks for sharing your thoughts. I was lately wondering why HIVE token is so weak, since it's the best time of it's performance. Great hype and so much SP being powered down and moved into HIVE. I would expect price of hive token to do so much better and it made me wonder - what will happen once most large stakeholders will power down their SP and HIVE purchaing power will be reduced. Not a good sign.

solid read, Upvoted already
Yours, Piotr

4 years ago in Project HOPE by
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     4 years ago 

    I would expect price of hive token to do so much better and it made me wonder - what will happen once most large stakeholders will power down their SP and HIVE purchaing power will be reduced. Not a good sign.

    Well, only time will be the absolute judge. I am sure that a whole lot of unforseen circumstances will overtake events, leaving everyone confused. The rivalry between Steem and Hive is a delicate one and the pendulum could swing in favour or disfavour of both tokens at different times. By this, I mean Steem could outperform Hive and Hive could do the same at different times. We'lll see what happens. Thanks for stopping by - much pleasure.

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