Evaluating Hive as the best investment in the late 2023!

Being in the crypto universe for around 7 years, I have seen two crypto cycles including the extreme bull cycle and the pathetic bleeding years in the market trends which has made me think differently in the whole crypto sphere. Meantime, there was indiscriminate suppression from the conventional financial systems, and governments from around the world have tried to put an end to this evolving blockchain technology. I have experienced a much stronger movement from the crypto space towards the conventional world of financial systems by challenging the deceptions and filthy facts about their invisible chain to trap the general people within the systems have been revealed reportedly. And countries like El Salvador, making BTC their legal tender is the heaviest acceptance of blockchain technology.

Another bull cycle is knocking at the door and Hive blockchain is one of the most potential blockchains to invest in observation which I am going to evaluate in this post. Most of us know about the creation of Hive through the fork from the Steem (a centralized blockchain) due to the filthy hands of Justin Sun which I am not going to cover here. I am going to evaluate the Hive from the investment perspective who are going to benefit themselves from the coming bull cycle in a risk-free way and not trapping into some shitcoins which is most of the time speculated too much in the current social media. I hope this post will make you believe in Hive and we can make Hive a great place with our combined efforts everywhere. And I am damn sure that Hive is going to enter in top 100 in the Coinmarketcap list in 2024.

I am not going to discuss the theoretical facts too much which I am not so good but I can assure you that the true decentralization mechanism is still one of the best ones for Hive blockchain. In the midst of the bull's embrace, the Hive Blockchain is overflowing with a ton of opportunities through a lot of activities, bustling with innovation and opportunity continuously. Hive blockchain is not the only thing that Hive is; it is also a dynamic ecosystem that is throbbing with a variety of applications. Hive provides a ton of opportunities for artists, investors, and gamers in the same blockchain. These opportunities range from social media platforms such as PeakD, and LeoFinance to decentralized exchanges such as Hive Engine and Tribal DEX, and many excellent games like Splinterlands which is the game with the most number of players among all the blockchain-based games.

An Overview of the Cryptocurrency Market
The current situation is very interesting as the crypto winter is going to finally be over as the bitcoin halving is ticking the clock. During the coming bull runs, there will be spikes in asset values and heightened investor interest, the cryptocurrency market will enjoy substantial growth and attention. Throughout these periods, cryptocurrencies such as Bitcoin, Ethereum, and others have seen significant profits, which has resulted in the influx of new investors and the acceleration of market capitalization.

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It can be clearly understandable that the last bull cycle took the price of Hive at $2.70 and now the crypto winter is over and the market already started showing the green signal. Another strength of Hive is that it has not lost its value like the other mainstream coins like ADA, ALGO, DOT, and many others I can include in the list.

Why HIVE but not BTC?
It is a valid question but I can answer in the simplest way that BTC is not going to have a 10x within a short time which will make history to gain the extreme value of 400K but Hive has the potential to go 10-50x having a low marketcap but extreme utility in the web3.0, the buzzing words due to the data security and ownerships, and feeless transfer with the opportunities with numerous blockchain games with superfast transaction.

The trend of blockchain-based games and Defi is still not over, though many games have been wiped out Hive is a great one in this sense. Non-fungible tokens (NFTs), integration of decentralized finance (DeFi), and play-to-earn models are some of the innovative elements that have been introduced by blockchain technology, which has started to revolutionize the gaming industry. The combination of blockchain technology with gaming is becoming more popular, as seen by the growing popularity of play-to-earn games, virtual assets based on non-fungible tokens (NFTs), and decentralized gaming platforms.

The NFT technology can be more effective in real-life property trading or many business models due to the digital identification of such property. Hive blockchain is an emerging space for developers and investors in this area.

Why at this time?
Hive is positioned as a potentially profitable entry opportunity during this growing bull run due to a number of variables which is also positive when subjected to Hive in current time. In contrast to other blockchains that wilt under the weight of complicated governance frameworks, Hive thrives on governance that is driven by the community. A feeling of ownership and inclusion is fostered as a result of this, which attracts users who place a high value on control and transparency.

Hive, which was launched in March 2020 as a hard fork of the centralized Steem blockchain and as a gateway from Web 2.0 to Web 3.0, is a consensus method that is both reliable and safe, and it has a stable and secure network. The durability of this relationship helps to cultivate trust and confidence, which is essential during times of market instability.

The current price of Hive is around $0.36 which is really very cheap and a great opportunity to grab into the run. The general attitude of the market indicates that a possible bull run is just knocking at the door BTC has already started the rally. Hive displays bullish measures such as an increasing user base in the Hive blog, an increased transaction volume, and expanding developer engagement from the whole world. In comparison to its high-profile peers, Hive is now can be taken into a pocket at a cheap cost which presents an opportunity for a potentially profitable entry point before the price takes off.

Intrinsic value of the project
The final consideration for Hive is to evaluate the intrinsic value of the project in which category Hive is far ahead of most of the projects having greeted market cap only for the speculation on the internet. The result of such massive shit speculation of DOGE by Elon Mask has taken the price of DOGE to $0.73 and still, it is among the top coins being a useless shitcoin. But Hive is a great project by a great group of developers with immense potential in the future. The Hive ecosystem is always developing, and new projects and features are being introduced on a regular basis. The opportunities for future expansion seem to be almost limitless, ranging from non-fungible token (NFT) exchanges to decentralized finance (DeFi) systems respectively.

When compared to many other cryptocurrencies, which tend to follow Bitcoin's fluctuations, Hive demonstrates a greater degree of autonomy. Because of this, its price can increase even when the market as a whole stays unchanged, which provides investors with the opportunity to gain from diversity. As a result of its emphasis on user-driven innovation and community governance, Hive is in an ideal position to ride the tide of Web3 adoption. Hive may emerge as a significant player in this rapidly developing field as decentralized apps (dApps) and the metaverse continue to gain popularity.

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The possibilities offered by Hive go far beyond the current scenario of financial services to entertainment through games and video platforms. The infrastructure that it provides is both safe and transparent, and it has the potential to disrupt a variety of sectors, including healthcare, supply chain management, social media, and government. The capability of Hive to decentralize authority and democratize access has the potential to disrupt traditional institutions in the areas of banking, media, and even government.

Financial freedom
Many people like me see Hive as a possible way to achieve our goal of being financially independent. Play-to-earn games, possibilities to earn passive income via staking and curation awards, and the opportunity to invest in potential ventures at an early stage are all features that make Hive a tempting alternative to conventional financial structures.

You can gain your financial freedom by going closer to the entrance of the Hive by establishing yourself as a trailblazer by being one of the early adopters who will determine the future of this thriving ecosystem. Unlike typical games, Hive gives you the ability to own your in-game things and characters genuinely. This gives you more control over your assets. By taking advantage of play-to-earn options, you may transform your love for gaming into a possible source of cash.

To ensure the success of artists and developers on a platform that recognizes and appreciates their work. Connect with others who share your enthusiasm for decentralization and innovation and who share your love for these topics.

Being a non-financial advisor I want to suggest some points to keep in mind before your investments from my experiences. You must proceed with caution and ensure that you are well-informed about every detail. Here are some investing techniques that can be considered-

• To reduce the adverse outcomes, you should distribute your investments among a variety of projects and apps that are part of the Hive ecosystem.

• Do not focus on short-term benefits; instead, focus on the long-term. Because Hive has the potential to see considerable development over the long term, it is important to take patient steps always.

• Before investing in any projects, do a complete study on them and make sure you understand their tokenomics.

In conclusion, investing in a cryptocurrency project such as HIVE blockchain during a bull run has tremendous potential, particularly within several industries such as web 3.0, gaming, and entertainment that are using blockchain technology. It is also very important to recognize the underlying risks that are related to the market dynamics, regulatory issues, and competition.

I hope my discussion will help you to make your decision to invest in a great project like Hive Blockchain. If you have any queries you can have some comments, I will try my best to engage for mutual understanding.
Thanks for your time and attention.
Have a nice day!

Posted Using InLeo Alpha