The Hive Token is now Listed on Coinbase, My Take on it

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It is no longer news that the hive token is going far and wide and that its acceptance is universal, as the recent news about it makes this point clearer. A look at the way transactions are made using the token is proof that there is more of or is related to the token, regardless of its price at the moment. The adoption of the hive token is proof that the token has a better future to be talked about in the future, and if one fails to take the opportunity this presents, it might be a little bit of the story of bitcoin when it was at a very low price.

Transactions done on hive are not just on the blockchain alone because some users stake of the token is not as a result of their participation on the blockchain to earn them the reward of having the token alone but rather some users intentionally fund their account on hive through exchanges like Binannce and more. The token didn't just reflect in their wallet, as it had to undergo some processes, which included buying a universally accepted currency, the dollar, then converting it to the token already in mind, which is the hive and then transferring it to the blockchain. These series of transactions between a universal currency being converted, an exchange being used and it being transferred to the blockchain shows that there is more to the token since this very process isn't only done by a user or a particular exchange alone.

The listing of hive on reputable exchanges has more to say about how the token is drawing attention to itself and its recognition among other crypto traders and enthusiasts. It also has more to say on its use, which would undergo the above transactions already been mentioned and sometimes not only its staking on the blockchain but also now on the exchanges it has been listed. Seeing and hearing this big news of the hive being listed on another big exchange, I have this as my thought about it:

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a). Increased Trading:

This is one of the things to be seen on a constant basis on the interface because the listing of the coin on an exchange, not just an exchange on a big exchange, is a proof that there is more about the token. The increased transaction rate and times on the hive would increase because the exchange where the hive token was listed is a big one. Many transactions from both the regular use of the exchange and those on the blockchain would help increase its use case.

b.) Increased Stake and Liquidity:

Since the hive token is listed on a big exchange like Coinbase, there would be an increased rate of use, and transaction levels would increase. Because of this, some big crypto traders might want to root liquidity on the token so that the everyday transactions that relate to the token would have a share of the gain.

c.) Increased Credibility and Attention:

Undoubtedly, the credibility and attention rate of the hive token would definitely increase because the big exchange vibe on which it is listed would give it a bigger view and balance rate. It is now looking like all eyes would be on it, as people would want to know what would be made of it. It is just like having a new boy in school.

Let's go stakers, let's go hivans, let's go lions !!!!

Posted Using InLeo Alpha