We saw a nice pump to almost $0.70 for Hive yesterday which is a move in the opposite direction compared to the bearish nature of the markets over last couple of months.
A large reason for the pump has been attributed to the Koreans who seem to find Hive an attractive project and pump it periodically. Whole this is statistically true, I wonder if that's all there is to it. I mean that is the cause but certainly the underlying reasons are somewhat different.
A good way to highlight my point is to take a look at Hive's counterpart Steem which has not enjoyed the same level of attention despite being a lot older. It is because investors likely do not find it as attractive an investment and would rather avoid it altogether. What makes an investment attractive then?
For Hive it has been activity and impact. While the numbers aren't as much as we'd like, Hive has certainly been a beehive of activity and has not relented since inception. The community is engaging and the developers continue to make significant upgrades to the project which inspires investor confidence for those following.
The active community also has a lot of users willing to hold their tokens, as well as buy the dip should it fall below a certain level. That is a true test of belief in the project and Hive has so far passed with flying colors. Speaking of the community, there are various sub communities that are each capable of pulling their own weight in the long run.
Surely we're doing something right is all am trying to say. Am also not making too much of market movements as most of the investments might be purely speculative. However, you don't speculate on a project you believe has no potential. Hive reached an ATH $3 from this said speculation and who knows the limits we can get as we realize our full potential.
Of course we all wish investors will become active community members and grow but that isn't necessary, is it? Isn't that the beauty of Hive? That we can all invest through various means from blogging, gaming, liquidity pools and whatnot. We certainly have a variety of options on the table so even speculative investors play a role as of now until we reach our final destination.
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