Well I guess it's a topic of importance that might be roaming around the minds of many Hivians out here.
Do Hive has that potential of impacting our lives in terms of finances and is it going to make us financially independent?
That's a million dollar question.
Now I don't know about the future but let's talk about has hive been able to help users when they needed money?
I did see a few users sharing their stories how they benefited from Hive while meeting their financial needs on a small scale. And probably there may be a bunch of other stories as well.
But Let's Look at the Bigger Picture
Well, I may have cashed out some Hive from my portfolio but I guess it's not worth it for me right now specially when the prices are nose diving.
I mean if the prices goes upto $5 a Hive, I may still be not selling my Hive as again I believe that may not be enough for me achieving my financial independence with Hive.
And for this reason I have a full focus on collecting as much Hive as I can and build my portfolio.
Yeah it can have somewhat of an impact for me if Hive gets to $10 with 10K hive in my wallet. Looks like that will take some time.
But again, who knows, this market is very unpredictable and you can expect anything.
Comparing Hive to some of the top cryptos like Bitcoin, Ethereum etc, is not sensible I guess. As the total market cap of Bitcoin right now is $442.14B and that of Ethereum is $207.57B as per coinmarketcap. Even the Dogecoin which is now pricing around $0.069 is standing at $9.18B.
Talking of the market cap of Hive, its just $255.71M. Now you can just imagine the potential lying behind Hive.
Let's imagine Hive's Market Cap gets to 1 Billion USD, what impact that could have on us as Hivians with a fair amount of Hive in our wallets.
Getting to $10 Billion market cap would be just mind blowing.
What are your thoughts about this?
These are merely my thoughts. It's not a financial advice.
Posted Using LeoFinance Beta