Will HIVE Staking keep the price stable and prevent further drops?

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All cryptocurrencies that are platform-backed and have a good staking spot will never lose as much value as other cryptos. Hive is one of the decentralised cryptocurrencies with the best staking position, which is the powerup in the Hive ecosystem. It is a blessing for all Hivians that we now have a better staking platform, which greatly aids price stability and eliminates massive dumps.

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STAKING THAT KEEPS THE PRICE STABLE

I was just doing some research on the HIVE coin and wanted to know about the staking numbers and calculating how much a price may go down before we see no more dips due to the number of hive powered up. There is little question that, like BTC, there will come a time where we see no more reduction due to the many valuable wallets lost, and that quantity of bitcoin will remain forever, preventing the price from falling further.

The same is true for HIVE due to the large number of HIVE that are powered up, and the powering down method takes a long time, so the market will be relieved till that time. I was researching HIVE statistics such as Market Cap, Circulation Supply, and Total Supply. It should be noted that the statistics come from Binance and may not be correct. Hive is currently ranked #132 and has a market capitalization of $154555175. The fact that the circulation and total supply amounts are the same as 476411313 is a plus.

To find out how much of the HIVE is powered up overall and at what percentage it might be, I did a lot of research. I did locate information about it, but I was unable to obtain precise statistics. Nevertheless, I did the math and arrived at the conclusion that up to 40% of the overall supply of HIVEs may be powered up or staked. The point I want to make is that I believe there is a significant amount of staking going on, and it may assist keep the price stable and prevent declines at specific points.

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THE POINT AT WHICH HIVE WILL NO LONGER TAKE DIP

I don't believe the price of HIVE will fall further after reaching 0.1 because this will be the number of HIVE that are powered up, preventing future drops unless whales and other folks panic and start powering down for safety. We must form a community in order to defend the value of HIVE, as well as attempt to build a rally for HIVE and attract the attention of other investors.

The only problem with HIVE is the low volume, which indicates that fewer individuals are interested, and another issue is the liquidty. Buyers and sellers have enormous disparities while trading HIVE, which is a major concern for HIVE. When I compare HIVE to ADA, which has a much larger circulating supply and market cap than HIVE. A large volume is always with ADA, which is still at a low price, but if the same volume is observed with HIVE, where can the price go? I have to say more than $5 because of the best technology that supports it.

As a result, the post's conclusion is that HIVE is one of the greatest staking coins that can aid in price stability. The biggest reason is the 91-day powerdown process, which is a significant amount of time until the market returns to normal. If these stakings are not cancelled by individuals, HIVE will not be able to take any additional dips.

These are my opinions on HIVE and price stability, which I have shared with you. Seniors and other experts can correct me if I'm mistaken about statistics or other ideas. It is my attempt to provide some basic information regarding HIVE as well as some interesting statistics. I hope you enjoy the post, and if you do, please provide feedback in the comments section so that the next post can be even better. Thank you for sticking with me until the end.

IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA

REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.

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