Hive Prices crashed below 6 cents, and the Hive vote value is 2 Hive.
Hive Prices crashed below 6 cents, and the Hive vote value is 2 Hive.
I guess there was a joke that Hive would soon crash to 5 cents, though Hive has not crashed to 5 cents yet. It did crash below 6 cents and marked it as the "bottom" point today. Ironically, this is the month of March i.e also the birth month of the Hive blockchain. Though Hive recovered a little and is again trading above 6 cents, in this uncertain time when almost all crypto and equities markets are touching their lows, maybe Hive is in the same boat.
In the meantime, I am still chasing my Hive goals that currently is in the accumulation phase of more and more Hive. But crashing price of Hive make my "dollar value" of wallet to dip further even I hold more Hive. I am not sure how this situation will go on further, but I feel that there is more awareness now about DHF spending and look like more development is also happening on Hive as I am reading that many developer are quoting and advocating the more realistic budget funded by DHF. Maybe this might help in the long run.
I guess, you all are aware of the "curation" rewards changes that are implemented in the Hardfork on November and how the voting or vote value and voting mana uses changed. These changes have caused the vote value do not decrease with decrease in voting mana. Also for each 100% vote it decrease the vote mana by 2%. Earlier voting mana also used to the function of the existing value of the voting mana.
Today, I am talking about this hardfork because when this hardfork happened, at that time my full vote value was equivalent to 2 Hive. After the hardfork, my vote value almost reduced by 12.5% and it was reduced to 1.75 Hive for full vote value. I am happy to say that I have reached now again the vote value of 2 Hive again. So it means that I have now earn 10 Hive per day by my curation rewards, and with time they are supposed to increase.
I am just waiting to accumulate more Hive and let see how in future my Hive stake and the Hive price goes in future.
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STOPThe mere drop into the nickel category was a bit concerning. At least it bounced back for the time being, and let's hope it stays! Congrats on getting that full vote back up to 2 Hive, not too shabby!