Hello Fam!
I hope that life is treating you well wherever you are in this part of the world.
Recently, I have seen some blogs where people are talking about the hive price. I was checking the price for Hive in exchange, and this is what I see where the value is less than 11 cents this time, and I can see a continuous drop in its price, which is clear that the price is on a downtrend. It is very difficult to predict what price we're going to see in the next few days because it is completely dependent upon the market sentiment.
This time crypto market is bearish, and it could be a scenario where a correction is the reason. The Bitcoin price is also down this time in the market. I did buy Hive, and at that time, the price was in the range of 20-23 cents. Predicting. The market is not possible. Otherwise, I would have waited for some time, and today the price is low, so the quantity I got could have been doubled, but it is the market, and this is how it works.
I believe that this is just because of the market impact overall and not specifically on the Hive, because many other coins are also down. For example, if you talk about Ethereum, BNB, XRP, and some other top 10 coins So you will see that these are also on a downtrend. If the top ten coins are in a downturn, then obviously the hive is also going to be in the same spot. So it is the time when we can think of more accumulation, which is obviously not any kind of financial advice from my side.
By going through the market fundamentals on the basis of historical performance, it is clear that the rally has started only after a tough time it's seen in the market, and you never know if this downtrend can be the one. Let's see how things turn up in this market and when we're going to see some recovery on prices for different coins, which also includes Hive.
HBD is a stable coin of this platform, but that is also not available at $1 this time., So I think this should be a concerning part because if it is a triple coin, they should be around that price range, and a drop between five to 10% is really a big percentage with any stable coin. I hope this will improve soon.
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