Hive price prediction by EOY 2022
The Hive blockchain made splashes in November 2021 when HIVE, its native token, climbed to an all-time high of over $3.41, but the cryptocurrency has since dropped under $1 and is hovering around $0.45 at this moment. Even though crypto projects are speculative, I believe that Hive has much to offer to the right type of investor. Hive is a cryptocurrency platform designed to be the world’s first massively scalable proof-of-stake blockchain that is completely decentralized, user-controlled, and powered by communities. Combining lightning-fast processing rates with fee-free transactions, it can be used for any dapps to complete a huge number of transactions without incurring any fees.
Hive Blockchain overview at a Glance
| Cryptocurrency Data | Info |
|---|---|
| Cryptocurrency Network | Hive blockchain |
| Native Currency | Hive |
| Market Cap | Approximately $167,816,581 as of Oct. 21, 2022 |
| All-Time High | $3.41 as of Nov 26, 2021 (11 months) |
| All-Time Low | $0.087 as of Apr 06, 2020 (over 2 years) |
Information provided from CoinGecko stats
Hive Price Evolution
Like many other cryptocurrencies, HIVE's value has fluctuated wildly over the last two years. After soaring to $3.41 in November 2021, the token diminished its value to under $1 in more recent months. Its movements are correlated with the market, even if there are some rebellions to move against the flow. Lately, we can see spikes at regular periods as if a pump and dump scheme is in place. Nevertheless, it has strong economics and emerging projects that can only uplift the entire ecosystem.
Hive Price Prediction by EOY 2022
If you are to ask me about a price prediction I think we will not see any exponential move, but maybe some consolidation and probably a price point between $0.50 and $0.60. There are new projects coming to the space, but those will probably see the day of light and have an impact starting next year.
What's your price prediction for Hive for EOY 2022?
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I also think we won't see much of a move and I expect Hive to be around $0.5 at the end of the year. There are only a few months left and I don't see any hype for an app that can really push for a high price jump right now.
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That would be a good round number. Let's see which project can push the price back up or maybe some hype on the market or so.
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If the FED changes their ideas on how to support the economy then that could help.
Next year psyberx and the new games related to splinterlands could potentially get a lot of new play to earn gamers to hive.
And likely we’ll see the official project blank released. When that would get its own app, then that could help as well
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I think it might hover around the $0.70 mark. Price pumps keep happening. The overall crypto market could see a short lived upswing around the end of the year.
Yeah, this is what I am also thinking that the end of the year with the holidays might open the appetite of some investors.
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I don't expect many moves this year but I believe next year next will be better and in the next few years I won't be surprised if we see hive at 5$ or more
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Getting to that amount might be life-changing for many of us. But as the previous ATH was around $3.41, a future ATH at around 5$ is not out of this world.
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We can ride the .5 mark for EOY and see what 2023 has in stock for crypto.
Right, not a gap too big from the current price point, and during holidays maybe people will jump more on crypto.
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HIVE under a dollar until 2024 doesn't bother me too much. However, after that I would expect it to begin ramping up. As you say, not too much price stimulus currently. Development continues, and I would hope that by 2024 the "macro" and "development" will come together...
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Quite a long-term vision, I hope that in 2023 we will see some rejuvenation of the market. But is quite hard to predict in these conditions...
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If we can limp across the finish line of 2022 at around $0.50, I think we should take that and be happy. I just think there is too much financial struggle and anxiety in the world these days for more than a tiny handful to feel comfortable committing funds to a highly volatile thing like Hive.
On the upside, I do expect Hive to gradually start outshining crypto projects that have little more than "vaporware" to offer... we have a lot going on here, and if we have a few more "Splinterlands-like" projects coming to life, demand for Hive will go up simply because there are more use cases. I'm cautiously hopeful the the Genesis League project will get some traction, and there's always the ongoing development of the 3Speak and the SPK network... I think it will be fundamentals that will help life Hive.
=^..^=
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