In the past 24 hours we have seen Hive bounce from a new low. Will this hold? Rather than guessing that question I went ahead and bought more HP. I am a believer in the ecosystem and now aiming for 40k HP.
On ecency the estimated yield for staked Hive is now over 4%. Whether this is sustainable I do not know but it is higher and I do not main all stackers earning more. In addition I found that post rewards are now rewarded in HP and Hive rather than HBD. I also do not mind in that because my eyes are set on earning HP.
Over on hivebuzz.me I am currently ranked 472 overall in terms of HP staked. This is out of +1.7 million accounts. My overall account value is ranked 942, which is very similar in terms of my ranking on Splinterlands in terms of collection power.
The likelihood for Hive to maintain higher will likely be determined by the price of BTC. As of now BTC has bounced but can this bounce hold a price stabilize?
No technical analysis here but from a sentiment perspective BTC has fallen close to 50% since its all time highs. The amount is likely making many crypto investors worry further drop is insight, however the equity markets remain stable to strong. We have commodities on the rise such as gold, silver and oil. This to me proves there is still liquidity in the market and with that it can still come into the crypto market.
This is why I mainly continue to add into my HP. I am playing the dollar cost average along the way rather than trying to find a bottom. With majority of my Hive tokens mainly in HP I am giving my support to Hive. What are you all doing in this current Hive price adjustment?
Thanks for reading this post.
