Wake Me Up When Hive Hits $10 Billion
(Edited)
Someone asked if Hive can hit a marketcap of $1 billion. Of course it can. That would put the price at about $2.75 or so. Certainly, a number that is attainable.
It is also a number that holds no interest to me.
In this video I discuss how Hive has the potential to easily be a $10 billion marketcap. That would put it over $27. Many think this imposssible but I firmly believe that, with all that is taking place, we could see that within the next couple years.
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Firmly agree. Busy putting together a post on Hive, to be published on other Crypto-based platforms. Detailing how Hive truly has the edge when it comes to creating and holding value as an ecosystem and economic construct. The growth already, in terms of communities and tribes is phenomenal.
It is just a matter of time really.
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$10B is a great target to go bearish.
At some point we need to take gains so we can support the lower levels.
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That pump was certainly a lovely treat! I would love to see Hive rise to a 1 Billion dollar marketcap this cycle.
I’m definitely on the long term, Hive market cap at $10 billion is really good and realistic.
I think this happened just because I decided to buy more Hive. I always come late to the party.
I see no reason why Hive couldn't eventually hit $25 or more... contingent on the blockchain being home to at least ten or more tried and true projects on the scale and success of Splinterlands and hopefully Project Blank and SPK.
I think a project reaches a point of "maximum density" where the forces of demand and supply forces the price to go up, and it is no longer speculation driven. ETH isn't at $3,500 because of "swirling rumors," it's there because it's pretty much "Grand Central Station" in SPITE of the GAS fees. Just 18 months ago you could buy ETH for $135, so it has gone 26x in that time... apply the same multiple to Hive and we're over $10B marketcap in a hurry.
=^..^=
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Patience is required and Hive will do it's thing. I am with you on this as this is not far out there wacky stuff of a crazy person. I think many projects have less to offer yet are unrealistically priced as of now and we still have loads coming that will give us the edge. Do you know if there is any movement on Dlux as it has been quiet?
If Hive can keep making these gains slowly building more value each time then this will happen sooner than most think. Just hope we can hold $1 now and rise when Bitcoin rises and then another push would go nicely.
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I think hive reaching around a billion dollar market cap is possible simply because other dpos systems have done this before. Steem did it. It's possible more money could come in and maybe hive could potentially at some point reach 2-3 bucks.. I'm not going to rule that out. I think it's very unlikely. I think for the most part it will always struggle to maintain $1 and i'm going to tell you why.
So mechanically and theoretically it seems it's plausible hive could achieve about $3. It's possible but probably not probable. Why do i believe this. Well i believe whenever you take into consideration the value of a project especially in cryptocurrency. There are a few key components and some factors are more important than others.
For example.. a good project in idea is good but a great believing community is better. A decentralized system is good but a well managed and efficient system that serves the needs of the people is better. So my belief is that hive can never achieve this based on what is i believe an early error created by Dan Larimer and although hive has evolved since Dan Larimer is early mistakes remain inherent in the system and is still the basis of the system.
That is the influence system. So if you look at a summary of everything decentralization wants to be. .Wants to be democracy, wants to be economic prosperity for all. wants to be equal voices and your beliefs matter. Wants to be lack of suppression and oppression all of this that this early mistake in dpos is not.
Make no mistake about it. Dpos is a top up bottom down system. Nobody wants to admit that but that's what it is. The problem is that markets work based on more than just mechanics and code. They work based on market psychology. This is where hive will always fail.
The market psychology will always slow hive down. I think you said it best when you made the comparison of hive being like a Monaco playground. i would forget all this expansion business. Hive governance model is much too flawed for that. The psychology of the people will never be able to overlook that. That's not because i want this to happen. I just know it has to happen because i study markets and i study people. Hive ignores many of the very basics of what it's going to encounter.
Bitcoin democratized crypto based on the technical levels of the miners and so did ethereum. Dpos is quite the difference but it's a difference that i think is still doing alot of harm and is the kinda achilles heel. So i think it's possible hive can moonlight occassionally around 1-2 bucks even 2-3 bucks.. However it seems it's legacy and inherent flaws remain everpresent. Unfortunately i'm not 100% sure how to address it. I thought it was maybe second layer approaches.. maybe it is maybe it's not. However i wouldn't bank on a $27 hive if my life depended on it lol.
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Summary:
In this video, the speaker discusses the recent surge in the price of Hive. He shares his skepticism about it being a sustainable pump and his approach to trading it. The speaker reflects on the excitement around seeing account values increase rapidly but emphasizes the importance of long-term perspective. He mentions various projects within the Hive ecosystem such as the Speak network, Splinterlands, and Project Blank, expressing confidence in their potential impact. The speaker also touches on the future potential of Hive, sharing his views on the possibility of it reaching a billion-dollar market cap and beyond, citing reasons related to development and user engagement. Overall, he encourages viewers to focus on the fundamental growth and development of Hive rather than short-term price fluctuations.
Detailed Article:
The video begins with the speaker addressing the recent surge in the price of Hive and how it has captured the attention and excitement of many individuals in the crypto community. He expresses his belief that the pump may just be a temporary phenomenon typical of Korean pumps, which often result in subsequent price drops. Despite the market optimism fueled by the rise of Bitcoin and Ethereum, the speaker maintains a cautious and skeptical outlook towards the Hive pump.
He stresses the significance of a long-term perspective when it comes to evaluating the true value of Hive, highlighting that short-term price fluctuations hold little relevance unless one is actively trading or selling. The speaker shares his personal trading experience and reveals that the spike in price had a minimal impact on his overall holdings, demonstrating a strategic approach to managing his investments.
Moreover, the speaker delves into the potential for Hive to reach a billion-dollar market cap, outlining a rough estimate that places the value of Hive at around $3 per token in such a scenario. He mentions various projects and developments within the Hive ecosystem that contribute to his optimistic outlook, including the Speak network, Splinterlands, and the anticipated Project Blank. These projects, along with the growing user base, are cited as factors that could drive Hive's long-term growth and relevance.
While discussing the future potential of Hive, the speaker reflects on the possibility of reaching a market cap of $10 billion, which he acknowledges may sound ambitious to some. He challenges the notion that such a valuation is unattainable, hinting at an upcoming post where he intends to outline the reasoning behind his convictions. The speaker emphasizes that Hive's value proposition is rooted in substantial reasons rather than short-term hype or market manipulation.
In concluding his discussion, the speaker acknowledges the unpredictability of the crypto market and the varied factors that can influence the rankings and valuations of different projects. Despite this uncertainty, he asserts that Hive occupies a unique position as an "engine that could," poised for significant growth and development in the coming years. He encourages viewers to stay focused on the progress and evolution of Hive as a platform rather than getting swayed by temporary price movements.