Hive will emerge victorious and strengthened from this crypto winter.
Hello everyone...
Normally I don't usually agree with statements from bank executives or government regulatory agencies, as they brand cryptocurrencies as the worst plague that could happen to humanity, when in fact it is the best solution to get out of a corrupt and unequal system as well as connecting the world much better in a transparent and fast way.
But a statement from Bank of England Deputy Governor Jon Cunlife got me thinking about what lies ahead for Hive as a blockchain project with much utility when this crypto winter ends and only the strongest survive.
"The analogy for me is the dotcom boom, when at a stroke five trillion dollars was wiped off the market. In the early 2000s, many companies disappeared, but the technology that had been developed endured. The money came back 10 years later, and the firms that survived the initial big purge, such as Amazon and eBay, became dominant."
If we pay attention to a few lines of what Jon Cunlife said we can see that Hive delivers on everything mentioned.
The technology that had been developed endured.
Since Hive was mocked up in 2020 it focused mainly on developing useful and decentralized applications for users who wanted to get into the cryptocurrencies and blockchain universe.
For example, Splinterlands as one of the best NFT or P2E games of the moment and attracted hundreds of thousands of players every month, also developed a fully decentralized video platform 3Speak which helps content creators to find audience in a fully decentralized and uncensorable way.
Launched an NFT marketplace called NFTShowrrom where artists tired of high Ethereum and other blockchain commissions could sell their artwork. One of the largest and most successful communities of web 3.0 Leofinance was developed, where thousands of users participate in the hundreds of Defi developments to generate extra income, these developments are CUBdefi, PolyCUB and successful and useful bridges between BSC, Ethereum, Polygon and Hive, with more developments coming soon.
Firms that survived the initial big purge, such as Amazon and eBay, culled in the dominant ones.
Although the crypto winter has taken its toll and already Hive's transactions and volumes are not the same as 10 months ago when it was booming, it is still keeping the project alive and with even more useful developments on the way such as more NFT games, SPK network, among others. And the unique thing about Hive is that its usefulness is infinite and that is the main reason why it has not failed like LUNA, because what has been developed was made to last because it brings many benefits to the users of web 3.0.
So Hive will be one of the surviving projects of the crypto winter and will come out even stronger, as it will draw attention for its unique features and more value will be added and projects that will continue to strengthen this blockchain that, although young, has a great weight in the crypto market.
What about you, what do you expect to happen with Hive blockchain and its developments after the crypto winter, do you think it will continue and get stronger or will it be the opposite? Let me know your opinion in the comments. And if you liked this content I would appreciate a reblog so that this reaches more people, I hope you have a nice day.
Posted Using LeoFinance Beta
The fact that we're now able t bridge HIVE to Bitcoin Lightning using https://v4v.app/ is huge in my opinion. I'm banking on $5 HIVE in the next few years.
Exactly, in addition to multiple developments like this one that may also come along.