RE: What is stopping HIVE from exploding in 2022 like SOL did in 2021
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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.