Greetings Fine Felines and Hoomans of Hivelandia and surrounding Communities!

After what seems like a long time of depressing news, negative economic influences and "red candles" in the crypto charts, I was delighted to log in and see our Hive token on an upwards run. At least in this moment.

Have We All Gotten a Little Nervous?

I have to admit that whereas my first reaction was one of "yay," my more lasting reaction is one of saying to myself and the air around me "That's nice, but will it LAST?"

I suppose I should preface these thoughts by saying that I'm a long term investor, not someone who's going to try to "time" the market and profit from short-term gyrations.

In this somewhat sketchy market, I've grown pretty accustomed to sudden raises in the market, followed by a crypto/security "giving it all back" within a very short time.

Seems like a lot of people have become jaded to the point of believing that "nothing good" is likely to last beyond being a tiny blip in an ocean of red ink.

Will this time be different?

Not Forging New Territory... Yet

One thing that gives me a small measure of hope is the fact that this is not new territory in the price of Hive. At this point, we are just trying to recover to half what the price was, in early January. So it's not like Hive is "overvalued," at this point. If anything, it seems undervalued, compared to most projects out there.

The second thing is that the Hive ecosystem is under constant development with new dApps and features being added all the time. Which is more than can be said for a huge number of crypto projects that have very little to offer... and rarely update anything.

So the way I see it, the fundamentals on Hive are pretty solid... we have a lot more than just a bunch of vaporware to back up a rise in the price of the token.

Utility Coins are Not "Sexy!"

That's an interesting sentiment I have run into, from time to time.

Seems there's a large group of people who'd rather invest in something highly speculative that runs almost exclusively on rumors, than in something with solid fundamentals and a plan.

I still haven't figured that one out, entirely... except those who operate with that particular belief seem to think that an actually useful project with real use cases is less likely to experience the wild (but unsustainable) run-ups that seem to be so fascinating to some people.

I don't really consider that "investing;" it's more like "playing roulette."

To each their own, I suppose!

IS Hive a utility coin? I suppose that's open to debate...

So.... Will it Last?

Well, I don't have a crystal ball... just hairballs. And they aren't really telling me anything!

But one of the trends I've noticed with Hive in recent months... and particularly since the $0.32 low in mid-June... is that each time we see a 20% uptick, the following retracement is 15% or less, meaning that we're edge a little bit higher on each pump, in "net" terms.

So whereas it is exciting to see Hive pop up to 90 cents — albeit briefly — I expect we'll see the price drop back down... but if we end up stabilizing around 60-65 cents, we're still ahead of where we were, last week!

And for now? I'd be pretty happy with that! However, it changes nothing... I will simply continue to pursue my existing goals.

And so, I'll finish this off by saying that these are merely some of my THOUGHTS, and this should definitely not be taken as investment advice!

=^..=

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