The hive blockchain is a unique beast. It's the single blockchain where I spend a vast majority of my time in most casts 4+ hours daily from playing games such as Splinterlands and social interaction on LeoThreads With that being said you can start to see why I'm not only bullish on Hive but also want to to succeed as much as possible so at some point in the near future it will be one of my largest bread baskets to live off of with limited amount of hours or really just hours I want to spend as I do enjoy being on this blockchain.

In this article I'm going to go over some important ways you can be ready for the next bull run and what that could mean for the Hive blockchain.
*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand that risks.

$HIVE Itself

The Hive token is the core of it all. While right now it's mainly promoted and used as a way to earn revenue through curation rewards (voting on others content) and a general 3% or so APR on the token it's real function comes from that of being powered up into owning resources on the hive blockchain. This gives you a sense of resource credits which are passively generated over time and allow you to do transactions on the blockchain.

You'll want a decent pile of these as more and more applications launch on the hive blockchain they are going to need more of it. So not only will you be earning more hive through general actions on the blockchain with more applications releasing but the demand of it will continue to grow while inflation continues to fall.

$HBD

HBD stands for Hive Back Dollar which it essentially means it it's a algorithmic "stable coin" I put stable coin in quotes because it doesn't do the greatest job at holding a dollar worth of hive peg. In fact we see it constantly jump from $0.97 to $1.02 on the regular and well over $1.10 to $0.90 on rather large transfers or crazy bull runs. However over time and a rather shortish time frame (a few days at most) the peg is able to be returned.

HBD also currently offers up a massive 20% APR thus creating a huge potential for passive income now to be used to buy up more hive at a lower cost at the moment or any other various things in games etc.

$LEO

I'm going to group the LEO token of LeoFinance into this cluster to get ready for the bull run as well. That's mainly because I see the ad buyback program as being a massive generator of passive income that will also bolster the value of the ecosystem and token.

LEO also has a number of other things going for it. They have shown the ability to continue development and building which is one of the most important factors. While not everything they build will be a huge success it's at least well thought out and created in a way to continue to grow value in everything. Primarily that seems to be around social aspects of which can generate swaths of ad revenue to fuel everything including the price of hive along with LEO tokens.

Building and Growing Wealth

Hive is one of the few places where action is the direct result of building and growing your own wealth. By helping the hive blockchain, interacting with others, building, developing, promoting and so many other options it will get noticed by the right people over time as you continue to build and grow your following.

Hive is one of the single best places to launch your own application and is something I'll be heavily looking into come 2024 pending I don't have to deal with taxes on the thing lol.

Posted Using LeoFinance Alpha