HIVE returned the gains from the pump, that is ok and we should be used to it

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I am not going to pretend I know why this is such a recurrent behavior of this specific blockchain. Whenever we have an unexpected, sudden, and big pump it is followed by a dramatic dump. Nevertheless, HIVE is still up around 400% this year, so not bad.

Our market capitalization is at almost 333 million USD, which kinda surprises me. Hive is not only a social network platform but also a decentralized digital identity platform and a DeFi platform. Even though Hive has so many use cases, we are still below 1 billion dollars of market cap, while some meme coins are in the multi-billion dollar bracket.

If we were to reach 1 billion dollars in market cap HIVE would be above $2.50 (with the current supply). The inflation, baked into this blockchain, would be a reason why it does not go up, but it fails to explain why/how it drops so fast after any pump.

HIVE is not liquid, that is known, HP takes weeks to be powered down, delegations take 5 days to be withdrawn, dollars saved take 3 days to be withdrawn, that all explain the low liquidity, but to me not how it drops too fast and so dramatically.

On the flip side, since it lacks liquidity, I don't feel tempted to power down and sell at each pump, even though the chances of a dump right after are high (historically). If I happen to need money and need to sell my HIVE for it, I would have to plan it, since it would happen over the course of 13 weeks. But I hope that I won't need and I can hold in our way into 1 billion MCap, 10 billion, 20, or beyond... We can dream...

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Well said man. Definitely nice sudden move up, and a return to baseline for now. Whats worst case when market decides to really sell. Back to .30 cent? Id like to see that market cap get 1 bill too, i think its possible.

!PIZZA

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If I don’t happen to need money (like if I don’t lose my job) then I would like to accumulate HIVE, so 30 cents would be a dream come true really. I like being able to vote and shape what kind of content is incentivized over here. Specially as I witness I feel it is kinda like a responsibility

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