Crypto Analysis | Hive is starting to outperform Steem
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For the first time in a long time Hive is starting to outperform Steem again! Of course it is obvious if one compares the amount of development going on, the posts, the management... but this is starting to show on a price level as well. Finally! While this doesn't necessarily mean that we are leaving Steem permamently behind us (from a price perspective), I feel that a trend change is occurring. On a development level Hive is doing amazing: tribaldex, leo, cub, nftshowroom, splinterlands and the list goes on! It is basically a no brainer that this should be reflected in price.
So what's up with the charts?
Hive is climbing higher and higher and while the corrections are brutal (with up to 60%) the trend is clearly going upwards. As I pointed out in a previous post there is a resistance coming up at about 70-80 cents. Look at the trend line in the chart. So I think this might be a point where we could see corrections up to 30-40% again. The price should then stabilize at around 60-70 cents before going higher still. I expect this to happen in the next weeks!
So let's get back to Hive vs. Steem. First, the bigger picture:
It is clear that Steem has outperformed Hive since June of 2020. All in all about 120%! But there is more to the story. Let's have a more detailed look:
The last 3 months show a different picture. Hive is on par with Steem. In fact if we look at the last 2-3 weeks we see that...
Hive is starting to outperform Steem! Today it is especially interesting with Hive being up by 10% and Steem down by about 1%! In fact, we only need a 25% push to get to the same price levels. I think once we reach that Hive will start to outperform Steem in a big way (although there will be hard push backs as well). The trend, I believe, is starting to shift and we should all benefit from that :)
And by the way @lordbutterfly is managing a marketing campaign which should propel us upwards still!
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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STOPI think there will be a correction first and we need to be stable over 0.4$ for a time
Posted Using LeoFinance Beta
Hard to believe STEEM is still worth more than HIVE.. they're not building shit on STEEM while HIVE cranks out updates weekly
Posted Using LeoFinance Beta
I hope we can stand for 0.4 for long time like steem
This will be perfect
Posted Using LeoFinance Beta
First steem then tron. Hive on!
a quick question about impermanent loss. If both coins in a pool go up (or down) by roughly the same percentage, does that mean that there is almost no loss?
Yes. What matters is simply the ratio in the pool. As long as it remains the same you get no impermanent loss.
thanks!
Anytime :)