Hive was unleashed 10 days ago. The token, since that time, was picked up by a number of exchanges and started trading. This set a price for the token yet it was not easily showing up on Coingecko. That was resolved as the outstanding tokens were added.
The HIVE token is among the top 60, coming in at #59. The total market cap is $68 million.
Coinmarketcap still has not caught up, listing it in the 2100s.
In contrast, STEEM is listed at #74 with a market cap of over $49 million.
We will see how things unfold for the tokens of both blockchains. Thus far, both are correlated a bit to what is taking place in the larger market. Bitcoin is down over the last few days which also showed up in both HIVE and STEEM. In Friday, HIVE was over 30 cents.
It is likely that there are going to be a lot of STEEM tokens swapped out for HIVE as some big accounts are looking to transition over completely. That said, some on Steem might use it to increase their stake.
Overall, it was a good beginning for HIVE. The buzz around it certainly helped. Now, it is up to the community to keep it going.
There was also an article by the @hiveio account. This account appears to be similar to Steemitblog where official news and insights will be posted.
This article gave a basic summary of what is taking place on the back end of things. Much of the work has to do with the nodes and getting them to operate more efficiently. While the RPC nodes were the focus, the attention is now turned to the storing of images. This was done by Steemit.com, thus requires a new system.
At the same time, preparations are being made for another fork. This is to reissue the token since some accounts were missed in the original airdrop due to a glitch in the algorithm. These tokens are locked away in the DHF and cannot be accessed by anyone. It requires a fork based upon the voting of the community.
For the full write up:
Now we are in the middle of our second week. The services are expanding with each passing day. At the same time, many the applications appear to have their conversion complete, thus able to focus upon the expansion of their projects.
As noted in the Hiveio post, it is up to each of us to get involved where we can. The simplest way is with our activity. Our baseline activities are posting, commenting, and upvoting. That is something that all of us can do at a bare minimum.
Hive is rather unique in the sense there is no company or foundation put together by the founder(s) to run the blockchain. This is now all in the hands of community members.
It is a grand experiment that I am intent on doing my part to be successful. I know there are many more who feel the same.
As they say, onward and upward.