HIVE Token Went 25 Cents Today π²
Today I had learned that #HIVE just pumped a bit and had raised the value per token at to hover around 24-25 cents currently. This is a good sign that it will have the chance or opportunity to raise the value more in the coming weeks or months following the value of bitcoin. It can do that in my opinion regardless of what HIVE blockchain/platform is offering like censorship resistance via its blogging platform, gaming, or even gambling.
It is for the reason that people who would profit from Bitcoin by holding it and selling /trading it will look into other Altcoins and buy and sell/trade and it includes the HIVE token. So I am expecting some kind of exuberance in the crypto-sphere in general in the coming months if the BTC bull run will continue considering that the predictions in prices for Bitcoin is just being fulfilled.
It is a given fact that Bitcoin's supply is getting cut-off as time goes by because newer people who learns about it would venture on to buy some bitcoin to either hold it for the long-term as their investment, to trade it, or to use it for their businesses big and small.
That is why because of the law of supply and demand Bitcoin's value for the short to long-term will just go higher and thus fueling other alternative crypto values as a result which is why we are seeing that some coins here and there are beginning to gain more value regardless of the functionality of many Atcoins. So because of all these the future is bright particularly the traders and users of HIVE tokens where they are always exchanging it to BTC for cashing-out and use for their purposes and interests.
Disclaimer:
Any of the statements here are from the author's point of view and opinions and not necessarily facts. I you want to indulge in a high risk and high reward financial instrument such as cryptocurrencies please do your own research first.
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