What is stopping HIVE from exploding in 2022 like SOL did in 2021
We all want gains 🦾
Like many in the Leo Finance community, I often obsess over the idea of HIVE eventually being recognized for its true potential. This would in turn lead the markets to show just how valuable this gem of a blockchain really is. 2022 may just be the year that HIVE breaks into the top cryptocurrencies and becomes much more sought after than it already is.
When considering where HIVE could go, I think that SOL is a fantastic comparison. Earlier in 2021, SOL took many by surprise and blasted into the top 5 market caps. It still sits there and has held its value quite nicely. Although many cryptos are still just now getting back to former all-time highs, SOL has found a greater level of value.
Comparing HIVE to SOL makes sense in my mind. Not because they do the exact same things, but due to the fact that both have been slept on at one point or another. Plus a few other reasons I'll explain in a bit. I think that HIVE has a lot more to offer the world than SOL, but clearly, the rest of the world has yet to realize that.
While many people have been making killer gains with crypto in 2021, I've kept steady with my HIVE grind. I've seen some nice increases, but HIVE was not the top-performing crypto of 2021, by a long shot. I know that this blockchain is incredibly special and I will not lose sight of accumulating as much as I can before it goes mainstream. It is nice to see HIVE hold about $1 for so long, but I know this is hardly even scratching the surface of what is to come.
I hope you like numbers 🤓
Now it is time to get into the juicy details. The main reason I am comparing SOL to HIVE is that they have a very similar supply at the moment. If you look at the comparison image below you will notice several things.
- SOL Supply = $309 Million and HIVE Supply = $369 Million
- SOL Mkt Cap = $53 Billion and HIVE Mkt Cap = $565 Million
SOL started the year around $1.50 while HIVE was all the way down at $0.11. Both have made some solid gains, but SOL has totally dominated 2021. You may ask yourself, why is HIVE ranked 165 and SOL is 5 when HIVE flexes more muscle and can easily handle more traffic. I don't have an answer for you there, but I do think that HIVE will eventually become recognized by more people.
If we go back an extra year in time, we can see that SOL was valued even lower, just like HIVE was. 2020 was a difficult year for many in crypto, but it didn't break us. Those who believed and stuck around are seeing the fruits of their labor as we begin 2022. Some of these projects will begin to fade away and allow the real tech to rise. The further we get into the life of crypto, the more people will begin to actually understand that which they are using and adapting to.
The main point that I am wanting to get across is that when HIVE sees its market cap shoot up to where SOL's is now (or higher), we are really going to be sitting pretty. Let's do some simple math.
53 billion (SOL's Mkt) divided by 565 million (HIVE's Mkt) = about 93
That means that HIVE would be valued at around $93 if it were to have the same market cap as SOL. With the two having a similar supply, these are valid numbers to analyze.
You probably have seen people screaming $100 HIVE and having their dreams denied by the naysayers. Those incredibly positive visions may not sound as crazy, now that you have some numbers in front of your face.
If this $93 price is reached, as of my current HIVE holdings of around 75k (which is growing daily), that means that my account would have a value of about $7 million. I know we have all seen screenshots of crypto wallets on Twitter with these values and larger, these numbers are far from outlandish.
Remember that SOL didn't even crack $100 million for the first time until August of 2020. Then SOL surpassed $1 billion in January of 2021. Now we see SOL staying above $50 billion. This all happened quite quickly and very few people saw it coming. Some were well-positioned and knew that SOL's time would come. The same can be said for many of HIVE's most dedicated community members who are currently holding strong in the shadows.
You would be foolish to say that something like this is impossible for HIVE to do. Anybody who uses this blockchain knows how amazing it is, especially when compared to all of these slug chains that are running off of hype alone.
What do you think❓
Do you believe that HIVE has the potential to do what SOL did and then some? If you are on here daily like me, you must be doing it for a reason. I love creating content and having the ability to interact with people across the globe. HIVE enables that. I also love the idea of having full financial freedom thanks to HIVE.
It is thrilling to imagine where HIVE will go in 2022. One thing I know for certain is that I will remain strapped to this rocket and am ready to go to heights that we have yet to witness with HIVE.
To answer my original question that I began this post with.
Nothing can stop HIVE from exploding in value.
Do you agree or disagree?
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I disagree, you got whales like onealfa and edicted as well as those 30 witnesses controlling this network. It's a security issue. The rest of mainstrea crypto doesn't like it. The community the handful of folks successful on here is not representative of the whole.
The only hope is that some second layer project maybe solves the issue. However i'm skeptical of that and total dependence on hive because even if a second layer token solves the issue. That sstill doesn't prevent the whale dominance and control from having power over this blockchain. So that's why Vitalik will never support a system like hive. I think it's okay as a small business for a few writers to make an income. I don't know how many can make enough to replace their income. However a handful may do alright. However writers are a minority not the majority in the crypto space. So $93 is just obviously numbers thrown out by someone who doesn't have a clue what they are talking about.
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Fair enough, you are most certainly entitled to that opinion and I’m happy you commented to start a discussion.
I didn't know that onealfa and edicted were so popular in mainstream crypto. Actually I didn't even know that crypto had already gone mainstream considering pretty much nobody that I know is involved further than just buying and holding random crypto they know nothing about on Coinbase. Even that is pretty rare still.
HIVE’s market cap is so small. It would literally be so easy for an investor(s) to come in and simply buy their way into the top witness running. If not that, at least it is still very possible for new users to come in and shake up the consensus.
Vitalik doesn’t care about HIVE because he’s happy over their being the face of his baby slug. Then again, for all we know he has an anonymous account on here and has been curating secretly for over a year.
$93 isn’t a price prediction. It’s a fanciful dream. I’ve realized many dreams to reality in my lifetime and I won’t count out any scenario. Even the one where HIVE stays at or around $2 for an eternity. I doubt that will be the one to occur, but sure I know it’s above 0% likelihood.
Onealfa and Edicted are not popular in mainstream crypto. They just keep us from being popular in mainstream crypto. Cryptocurrency is over a decade old. That's more than enough time for any groundbreaking world changing technology like this to be widespread and in the forefront.
In fact most everyone i mention crypto to has heard of it and knows about bitcoin. If you were to conduct your own private pool. I guarantee you over 90% of the people you speak with would have heard about bitcoin and cryptocurrency. So it's not a question of them not knowing.
The problem is there is no significant use case or urgency. Why is that? it is because people like onealfa and edicted focuis on nonsense and influencing the space into one direction over another. The reality is the people gathered on their posts are following their money and mindset lol. So good or bad they leading those people into what's going to be a blockchain focused on significant matters. If they choose to focus on nonsense the chain will follow them to nonsense. As at the end of the day. THey have a bulk of the influence or people like them
I would also say that the steem and hive legacy. These were important chains at one time. If im not mistaken i think steem was ranked in the top 11 of all cryptos.. I think it had millions of users and alot going for it.. I know the hive people try to act like hive is not steem. However i think that's disingenious. THe hive community is the steem community or that old community that was. So they share that legacy. Now the fact it fell off like it did when it had the attention it had and support of mainstream crypto. i would blame the influencers on that. Why? they have more reasons to make this a better chain than anyone else here. So if it's failure it's on their watch. I could not see it any other way.
I think thats part of the problem that anyone can come along and buy the chain, lol. There have been many solutions to this. We just fail to do a good job of listening to those solutions. We want to do things our way and instead of reflecting and making changes when they don't yield better outcomes. Lately certain centralized controlled entities have been doubling down. Maybe they are satisifed with the state of the chain. However they are the only people raising their hands. Most people aren't.
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Thanks for a well-thought-out response. I can't ignore what you say here. I know what you mean by saying crypto is mainstream, but there isn't a true need for everyone to convert over yet. I also am with you in seeing that many users flock to certain accounts just for the simple fact that they have a lot of HP. It is impossible to deny that Hive still carries much of what Steem once was, the good and the bad. I have seen a few "Crypto Influencers" talk back and forth on Twitter about how they remember the days of Steem as if it is not all still be ongoing here with Hive. There is a lot holding Hive back from being a top 10 crypto, but I still think that if the right moves are actually made, it could happen one day... not going to be easy though.
Hmmm this post brings together quite a lot of interesting perspectives. The first part is I'm not quite sure why onealfa and edicted are singled out here several times to this regard? Maybe you can shine a bit of light on why so I can understand if not that is okay...
So before this last year to my understanding a lot of games already existed just none anywhere near these levels take Axie Infinity which was already a game out several years whom only recently started seeing some insane spikes (Probably because of covid making us stay at home bringing more massive adoption or discovery of projects such as this)
I'm still new to crypto scene as stated, but even after discovering Splinterlands, hive was still somewhat of an unknown to me so I'm not quite sure it is so cut and dry. For true massive adoption into the crypto world or lets even say hive as a target it would require a major game to really launch off like splinterlands, ragnarok, or whatever maybe coming, VR event, or Music event because for me these are some of the major events that will immerse the news world with that of the "metaverse." Just look at the results from facebook announcing metaverse change and the effects on mana/sand, but looking at charts it is almost as if a little while after that hive took that as a chance to boost up, but that boost to me honestly felt a little unnatural.
I don't believe it is good to shame anyone stating that they are focused on nonsense as people will always have differences of opinions. It is about our own personal choices to agree to disagree and move on or dwell on such things. I have noticed that hive often times has this clash of egos situation which doesn't seem healthy in any sense not just on hive, but any social media. But when you have financial metrics tied into this it can spin it to become a whole different type of outcome then.
Well people follow their work probably because of the time, history, or relationship already built with those individuals and sure status may play a huge role in that and I'm sort of against that to a degree as well as it devalues meritocracy, but instead of putting others down in which I don't know the scenerio to full, I'd rather educate and work on discussing with those who are likeminded or have different growth mindset ideas to better grow the platform.
There are many solutions that may work you are correct that the people that have a lot of voice and influence could really start to consider and adopt, but sometimes due to short term gains or sighted vision can be the reason holding it from a insaneeeee gain upwards.
"If you always do what you've always done, you'll always get what you've always got"
So for people to see and get the realized gain of say 5-10x there needs to be something coming up or a reasoning for the price to get that increase. Massive adoption phase may have already happened if it was, but who knows it can be splinterlands land application that really pops the game off bringing a massive awareness to hive, or a hive post that ends up changing the direction of someone's life who leads a great impact in the "real world."
It is really hard and none of us are Nostradamus we just try to make educated guesses and theories based off our own understandings. Anyways have a happy new year and this was an interesting read. Normally I skip big walls of text as time consuming (despite writing them myself hahaha), but something compelled me to read this one and sort of glad I did to some regards.
Seeing a lengthy engagement like this makes me so happy. I appreciate your fingers doing all of that typing to state your thoughts.
I'm not sure why those two accounts, in particular, were brought up, but I'm sure the original commenter had their reasons for that. There are a lot of users that get flack for similar actions that not everyone agrees with, but I don't think one or two people are to blame for anything. Everyone contributes their own bits, some just have a larger stake to impact things more.
I know it is a big ask to read a longer post (many are far longer than this one), but I do my best to provide an experience worth your time. Not overdoing it is key, as is providing some entertaining gifs and graphics to keep things interesting.
Happy new year to you. Thanks again for joining the conversation.
you're right let's add @themarkymark instead. He's probably a better example.
It is about our own personal choices to agree to disagree and move on or dwell on such things.
No it's about their centralization over the network
Or maybe they just sycophants
I don't know i'm not a gamer. Most value the post at a value of zero simply because i can obtain more data and information online free.
We have a long history and data nearly half a decade now with dpos to know what's going to work in the future.
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It definitely sucks that some of the largest whales on HIVE like to act as gatekeepers
I truly love reading posts like this ;)
I'm not the person that knows much about these things such as market caps and comparing these projects like you did, but as a true Hiver and believer in our chain, I truly hope your prediction is in the right direction lol. And I hope when it happens, I was able to reach my Hive goal for 2022 first :) as that would mean, I'd be half a millionaire at least :)
I too love reading a post like this showing the possibility of something great. That’s why I decided to do one myself. If I’m going to go over numbers like this closely, then might as well share it with a fine community that is also intrigued by this same process of analysis.
I bet you will reach your HIVE goal 🥳
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Hard to compare situations. Could it happen? Sure. Do I expect it, especially in the short-term (like a year), not likely.
There is a long-term trend that we can establish. It is the matter of building and growing things. I do not follow SOL enough to know what sent the price flying. Nevertheless, we see that quite often in crypto.
I am confident Hive will have its day which will come as a result of what we are building, not what the hype machine produces.
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I don’t expect a giant run up to happen quickly in 2022, but I also won’t ignore the fact that the chance in something like that does exist.
I think the person on Hive that I’ve seen talk about SOL the most is @jeffjagoe. I know very little about SOL as well, I’m too deeply wrapped up here to delve deep over there.
I’m with you in believing that one of Hive’s strongest perks is the fact that the foundation is so solid and the capabilities are continuing to expand more constantly. We aren’t thriving off of hype, which may only last so long for some of these other popular crypto names. Time will tell.
Solana got carried on the back by FTX and SBF, and now IMO seems to be the go-to enterprise chain for the mainstream folks (celebs, corporations and big money players). If HIVE can focus on creating a strong internal defi / NFT ecosystem it has a lot of potential, but like others have said, a lot of the large stakeholders here are selfish gatekeepers and do not act in the best interest of the network.
Internal DeFi sounds juicy. The NFT offering we have now is a decent start, but I think we have a ways to go still in that arena.
I got in on SOL in 2020 under a dollar and I must be honest, I started getting a similar feel about HIVE in recent months, even before the pump to $3.41.
It won't do as much in percentage terms as SOL but I firmly believe that there is some tremendous upside for HIVE in 2022 and 2023! People should envision $70 to $100 at least, in my opinion. It will likely surpass that even... but keeping it conservative.
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I bet you are psyched about how well things are going now. It also sounds like your senses are in tune with what may happen. That or you are just a very lucky person, either one still provides results. It's great to see another person believing in HIVE to show its worth in the future far more than it already has.
Solana is centralized projects. It's easy to manipulate its price. Plus, some whales support it by paying to media outlets to support it. SOL has expirienced a solid price pump, supported by the whales.
HIVE is one of the most decentralized DPoS/POS. That's why there aren't so powerful whales who can promote it via leading media outlets. In this respect HIVE is completely different to Solana. The price of HIVE will form a steady uptrend. So, it won't pump immediately. We will have probably a stable price growth.
I think in the long run HIVE could surpass SOL by market cap.
You make a great point here. I know so little about SOL that I didn't even know how centralized it actually is/isn't.
I think with HIVE, yes we have many whales that aren't famous or sporting a giant following outside of here. There are definitely some that I think plan to market Hive or their own layer 2 offering in a big way but just haven't done so yet. I blame that on the fact that the building stage seems to go on for so long. At some point, some of these sleeper projects are going to get let off of their leashes, and then if big money is positioned behind and in front of those projects, I'm sure that marketing will come easy. Whenever that does finally happen.
In the long run, this is what a lot of people seem to be saying about HIVE. We are one of the most patient communities I'd say. I like your positive outlook on our future here. Thanks for your input, my friend.
Hive will still explode, just that,I believe that the dollar index, that's DXY is affecting them.Once DXY start selling,we will see changes on the Crypto CURRENCY
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I like that mentality. A firm belief that HIVE is destined to rise.
I won't argue with you... I hope the most optimistic outlooks prove to be the most accurate. I just appreciate Hive for its utility, and I'll be more than happy to come along for the ride. 💪
I agree with you in the fact that I genuinely enjoy what Hive allows me to do. Sure, greater returns would be excellent news... However, I am going to be using Hive every day either way. Hive is not a useless .JPG for me to flaunt my digital wealth with. I look at Hive an exotic sports car that I very much enjoy driving every single day, rather than letting it sit in the garage. The point is, Hive has some serious utility for those that wish to create and store content while engaging with others who enjoy that same practice.
Precisely! Thanks for chiming in, @daltono... hopefully that's how most Hivians are approaching it. 🙂
Hive is a powder keg waiting to explode. The trick is to NOT sell too early, we may get a little trigger happy when it reaches $10. Tink the wineglass? Or slap the forehead?
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I don't think I could ever sell ALL of my HIVE. I enjoy having the ability to help others earn more rewards through curation and also watching my own rewards come in. I'm incredibly thankful that this place exists and so many people are benefiting from Hive in many ways. It feels amazing to be able to work together to support everyone's dreams and passions. Selling portions at certain prices is something I plan to do, but that is just so I can continue to live my life to the fullest and also allow others to join in on the fun.
When I read your comment just now, it immediately made me feel the need to share this GIF with you.
YES, I will be that dude casually wearing a crewneck sweatshirt with a random dog on it even when I am a millionaire.
I could watch that gif 100x, that made my day. Boom.
It is a moment that only a seasoned vet could remain calm under 😉
I like the market cap comparation as I see that as something to look forward to. Hive surpasses Solana in a lot of other things like community and decentralization, moreover we have a dedicated environment to hang out and share stuff with ourselves as you’ve said. And I think that’s very important for collaboration. Hive is a gem. Slowly but surely. It don’t matter
Looking at certain aspects such as market cap makes these dreams of success feel a lot more possible to actually occur. Hive has a lot, but something that it still lacks is a giant userbase. The more people continue to be pushed away from websites and applications that they once relied on, the more those same people undergoing an exodus will find that their new beginning leads them to Hive. The best thing we can do in the meantime is continuing to build and put forth our absolute best efforts to be ready for the influx.
It would be great ! I like your post with so many funny GIFs haha.
We just need the VC Power behind us to make this bubble grow ! But I believe we did good with organic and retail investors. Why would we want to boom and bust?
We just need to bring one Hivean at a time ! It is our job.
In any case, HIVE did X5-X10 in 2021, not bad ! Who would have thought?
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GIFs and Emojis are both amazing forms of communication and expression. I love using them to the fullest and letting them add even more character to my thoughts and ideas.
I would love to be able to enjoy a constantly thriving Hive for years to come rather than to have one champagne shooting celebration and then watch it all dissipate.
What happened to the value of HIVE in 2021 is far better than having not been involved in any investment opportunities like this at all. Some other tokens mooned way harder, but most of the ones I've been watching (and more) are all up big over the last 365 days. The longer you've been in crypto, the more you're winning these days. At the moment it is not about finding the one hidden gem, they all seem to be shiny since they are so new. We will eventually learn that many of these priceless diamonds were fakes and they will lose their value, that is when the true rarities will be recognized and hold their luster for decades to come.
Can Hive really handle more traffic than Solana? To me Hive is much more valuable than Solana, but I thought (and I know I'm not educated on this position) that if a bunch of people rushed into Hive all at once it would probably have serious scaling issues.
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You know that is a really great question. I think that we should find a way to test it out and see... Any massive communities that want to migrate to Hive right now? We want you, but are we ready?
Perhaps Hive would struggle with +6x daily transactions. I believe I'm calculating correctly, but after looking at SOL's transactions per second on https://explorer.solana.com/, it looks like they do a bit over 26 million daily. Not sure why that isn't on https://blocktivity.info/. Looks like it would be number one on there.
Guess we will have to wait and see what Hive can really handle. It will be intersting.
Pretty interesting and no doubt it will be great news for hivers when it will good to the moon.
Sounds really great about SOL and I just hope hive take a top place in crypto world.
Thank you!
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I'm happy for all of those who have made out like bandits thanks to SOL's gains. I can only wish for something equally as great, if not superior for the people valiantly holding their HIVE.
I'm happy for that too. Thank you once again. Have a nice day!
At one time, stinc, ie dan and ned, owned 80% of the coins, perhaps they sold off enough to only hold 50% of the coins in 100k's of accounts so as not to be blatantly obvious that buying in enriches them more than any others.
This is what I think is holding us back, nobody with enough money to make a difference are buying as long as they believe that the main beneficiaries will be folks with those two's reputations in crypto.
Ned sold us down the river to the ccp, he speaks chinese, icymi.
Dan made billions in eos and, near as I can tell, that was a flop that persists because the newbs don't know any better.
It's gonna take some time to overcome this strike against us, imo.
Crazy to think that we got by for so long with such a large percentage of the supply being in their hands. It's no wonder that things over there ended how they did. We are lucky we were able to salvage what was left and begin to build something better with Hive.
It would require quite a bit of funding to seriously shake up the consensus over here now, but I wouldn't say that something like that is impossible by any means. It is just way too easy for people to click and transfer massive amounts of money with crypto.
I didn't know that Ned spoke Chinese. I bet he sounds so funny doing it. Would love to see a video of him asking where the women's restroom is so he can go relieve himself. That would be too comical.
Yeah, in one of the ama's, just before he sold us to the ccp, he mentioned that he was prepared to do the conversation in chinese.
At some point the inflation drops to the point that new inflation isn't enough to unseat the status quo.
Then only the powerful selling can change it.
Ultimately it is what is, time will dull the memories of the stinciness and they will have less impact on the minds in the market.
I'd like to see that sooner, but not much we can do but buy the dips.
I watched almost all of those AMAs back then, but I guess I didn't notice he claimed to speak Chinese.
Less STINCiness sooner rather than later does indeed sound like the best outcome.
Thanks for sharing this.. I hope hive surprise us and move higher this year again.. and be among the top deals in the market
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So before a recent downvote experience I had I was actually planning on investing 10k+ into hive as I see so much potential into all of this and still do, but am now deciding to test it with a little bit of sweat equity vs real fund investment.
I'm still relatively new to crypto like barely only a few months so it is hard for me to say. The only thing I'd highlight or put into consideration is I more likely see a $5 hive by end of year and $10 if we are being truly optimistic, but my logic from that comes to which in the manner it is being farmed.
A reputable user today can get about 100-150 hive off one post typically you can start to find group patterns in terms of votes and mutual support so near the top end they are growing at a far faster rate so for us looking in it is also something we are considering. Until a broader metric is adopted i.e. lower weighted vote if voted same individual in a month/quarterly then the inflationary metrics are already in hand to sort of discredit bigger investors.
I'm now at a pivotal time in my personal hive journey in which I'm discussing with myself how much time and energy I want to truly invest... Because I know my success can be greatly increased and augmented if I just silence some of my own thoughts and just proceed to network myself within the right groups, but for me it isn't about the funds moreso the community and future growth aspect.
This platform is way ahead of the time and the current leader for sure so I can truly see it accomplishing some truly wonderful things. It just depends as stated on the systems they choose to adopt and grow towards the future. My biggest excitement and understanding of hive so far is the tribes and communities built on layer 2. I actually believe something on layer 2 is more likely to 10x-20x than say hive is simply due to the steps needed to make something happen i.e. all witness votes. That's like comparing bitcoin to altcoins sure overall marketcap of hive in the future will be quite massive, but the biggest percentage gained will be in altcoins like mana, sandbox, sol, matic, or whatever else it maybe.
Downvotes can be scary, but I do believe they are important for the long-term success of Hive. If there was no way to adjust rewards, major problems would develop. I hope that after more time with Hive you will consider investing more. Even if you do not, I'm still happy that you are active here. The fact that you are only a few months into crypto and already are doing things on Hive tells me that you are on the right path towards success.
I like your thoughts on Hive as a whole. Yes, there are some that earn way more rewards than the new folks and that can be pretty intimidating to see. I know it was for me when I first joined in late 2017. It took me forever to be discovered and actually see some results. It did happen and I'm so glad that I took the time to pursue the opportunity. I ignored thoughts like how will I ever catch up? I did my best not to be jealous of others and instead learn what I could from them. Setting my own goals and staying locked in was the best thing I could have done.
Oh I believe downvotes are necessary as well, but some just use it abusively. That is why I thought that regardless of upvote or downvote there needs to be a measure that makes voting for someone within the same month or quarter have a lesser value, so it prevents targeting both positive or negative and gets it to spread out more.
Oh it isn't about earning more or less if that was the case I'd be writing a whole lot more posts lol. I am about branding and to me that takes engagement with a ton of individuals. I mean I can choose to network into certain circles to have a better result, but for me it is about the long game.
I really don't compare myself to others like that and just work on self improvement, but seeing such things does make me feel some type of way about the platform as a whole because then it creates this major bottleneck at the top end. Hence why I think for hive to grow it needs measures in place to protect and preserve value. I mean that is the difference between me investing 4 figures vs 5 figures and I'm sure if I notice this other investors do as well. Sometimes we can be stuck on old ways, but it takes progressive thinking to create a community that thrives more. I mean it is fine if it doesn't adjust I will still be invested into layer 2 and into particular tribes I see with a long term vision.
I know what you mean, it does happen. Too many votes towards one person can become a seemingly unfair sink, so perhaps a remedy like you are talking about will one day be implemented with a hardfork.
It is hard to not at least consider what others are doing and take notes, but just can't ever let those thoughts fully consume us and keep us from doing our own thing.
All I see is the possibility in anything, hive is definitely not less.
There's a great potential for hive as a community as more people are getting open to cryptocurrency and are ready to jump onto hive to begin earning for themselves.
It's going to be a long shot but clearly, we know how the cryto space is it could just take that full turn hitting the throttle forward.
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Great potential often leads to unimaginable results.
The main reason is Hive does not have the backing of Venture capitalist or Angel investors whereas $SOL have it.
2022 will be the year of Hive and we will attract much needed investment and partnerships from Crypto millionaires.
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That definitely sounds like something that could easily fuel a gigantic run-up that SOL experienced last year.
I know we have been saying it each year, but I really feel that Hive is constantly getting bigger and better. 2022 is going to be such a powerful year for Hive.
I think the lack of Smart Contracts in the Hive blockchain is the main issue. There are workarounds like beeswap but you will never have a Pancakeswap, Uniswap, or a yield aggregator.
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Workarounds are fine as a temporary placeholder, but it would definitely be nice to have something even better. I'm sure as more development occurs, features like these will go from wishes to reality.
Very interesting analysis and discussion in the comments! Thanks!!
!PIZZA
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I'm hyped to know you enjoyed it. I'll be sure to enjoy that PIZZA. Thanks for stopping by and dropping a comment.
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SOL has been turned off many times though lol Hive just keeps striving on
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I do remember there being some issues. All I saw that say were tweets about people bashing SOL. A day or two later those same people were back to shilling SOL NFT projects.
Having a central party turn off a network is the opposite of why crypto was invented, and SOL was turned off at least 3 times, terrible, I would stay far away.
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Yea it totally is. I have recently seen people boasting that decentralization and utility will never be able to be accomplished together. They were saying you must choose one or the other. I thought that was pretty absurd. I think there is totally the possibility for a blockchain to rise that is both decentralized and able to handle a rapid influx of users.
You're making some superb content on Hive. Just came across your blog. I'm gonna support you from my small stake as I can. We need more content makers on Hive like you. Happy to meet you @daltono
!PIZZA
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Wow! I really appreciate that comment. I put forth a lot of effort and time into my content. I really love being able to do all of this, it is such a great opportunity. I am grateful for any and all support that I receive. Happy to meet you as well, I just followed you.
You've got lots of good pieces of content. Hope you'd stick around to see $50 Billion Hive marketcap 😄🚀
!PIZZA
Oh, I will be here. I don't have any plans of letting up anytime soon.
It is difficult for some of my older content to be found, but there are some serious gems. About the best way, I know of as of now is to go through the "Portfolio" section on my PeakD profile page. https://peakd.com/@daltono/portfolio
If I didn't spend so much time on my thumbnails, then the portfolio wouldn't look as sexy as it does. I often find myself just scrolling through it to reminisce on all of my dedicated works.
Hello @daltono
This is an intriguing post in which you draw parallels between Solana and Hive. I love your energy and enthusiasm, and I certainly think at first look the parallel is not apparent because Solana is I believe primarily a scaling solution for Ethereum DeFi projects to flee the high transaction costs of DeFi on Ethereum.
However you do go on to explain how we resemble them using other technical analysis factors. But I would like to suggest that we may share these characteristics, but looking at it a different way we also share characteristics with another blockchain project in the Ethereum sphere of influence called Axie.
Axie is very similar to Splinterlands and as a Play to Earn game it brought many people to Ethereum to play the game and earn money. I believe most of those people were not previously involved with cryptocurrency. A similar situation occurred as is occurring here on Hive, as Splinterlands has surpassed it’s one millionth account.
The success of Axie on an expensive transaction blockchain did lead to its ultimate separation from Ethereum and creation of its own blockchain with faster and cheaper transactions. I believe Splinterlands, which already exists on a b;ockchain, and which has already experienced an explosion in growth, will help pave the way for Hive to be a top ten crypto by market cap in the future.
I think your article supports this belief because I don’t believe a single factor is responsible for success, but multiple ones, and your post indicates one more reason for us to believe in a top ten crypto future for Hive.
Lastly, one of the beauties of Hive is that we are not Hodling and believing in the future waiting for our reward at some future date. We are enjoying multiple ways to earn from our Hive every day, while we are waiting for the price to appreciate. This is certainly a great position to be in and an uncommon one.
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Thanks, man, I'm glad we share similar energy and enthusiasm. I think us having Splinterlands is a pretty big win for Hive as a whole now and into the future. Luckily I don't think that game will have to leave and make its own chain thanks to Hive being such a beast. Like we both have said though, Hive being hugely successful depends on a multitude of things. Things that I think will occur, but I cannot predict exactly what it will be or when it will all happen.
The last part about earing daily with Hive is one of the biggest reasons that I don't feel the need to power down my HP and place it in another crypto that may moon quicker. I would rather get familiar with what I know I'm going to be using for years to come and then get in the absolute best position that I can possibly be in once we reach massive levels of adoption. I want to be ready to help others get involved here once they all finally start to see the light and wish to get in much later than we all did. It will never be too late and it is never going to be easy.
Wow!
I am absolutely on that same page.
I think holding Hive makes so much more sense then even holding Bitcoin or Ethereum in pre-DeFi days.
I think holding an asset like Hive which both appreciates in value, as in steady price appreciation, but also makes money everyday is such a smart move.
I have read many investment Guru’s and some of the most successful are what I call the double dippers, they hold assets which increase in value every year and also make them money on the side.
This is what first got me interested in Rental Real Estate because it appreciates like the home you buy and live in, but it also generates income in the way of rent.
I am a big believer in double dipping, so I buy dividend stocks like Coca Cola, which increase in price every year, but also pay a quarterly dividend. Hive is a double dipping opportunity. !
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What you say just makes sense 😎
I have always been okay with double dipping 😉 I’m the guy that will happily mix salsa with cheese dip just because I like how it tastes.