More Than a Green Candle: The Bigger Picture for Hive !
Hello
Hive Community !
Cryptocurrency saw a very interesting move today. Steem showed a pump of approximately 16% in 24 hours. As I see now, the current price is $0.06832. On the other hand, Hive has shown a growth of 3.3%. As I can see now, the current price of Hive is $0.0683. If we look at the percentage of the pump today, Steem has seen a higher pump today, but when I look at the price of Hive, it appears to be stable. This is becoming a bit interesting.
Steem - Hive Market Situation !
Looking at the moves in Steem and Hive today, I feel that Steem moved 16%, but Hive's price remained stable. The prices of both are almost the same. Meaning, I can say that Hive was already trading at the right price. Steem took a pump of 16%, yet Hive did not get pumped, which means Hive is already maintaining its price. Here you get an idea of Hive's strength and its hold in the market. People trust Hive, hence there was no turmoil in the market. Otherwise, if such a move happens, people panic and start selling.
Hive Strength
Most coins fail to maintain their market position. Today, Hive is holding strong. Growth in Hive is slow but stable. Steem's price pumped, but people didn't panic, otherwise selling would have begun. Coins that hold strong support levels offer the most long-term gains and are able to maintain their market position. For example, Hive remained stable today, and those who trust it didn't panic at all. This is called establishing a market position. We should note that we should never make decisions based on a coin's price pump. I have also learned the value of stable coins. Only coins that remain stable in the market generate long-term growth and trust.
Conclusion
As per today's data, Hive has maintained its market hold. People trust Hive in the market. Although I am not speaking ill of Steem. Steem also has a hold but Hive's project, its value in the market shows that Hive has more growth in the long term. Here you get to see competition which is a good thing, two coins are leading well but here in the market, I and the people of the market have more trust in stable coins. Therefore, my topic today was to show Hive's stability and people's trust that there is no panic at all about what will happen to Hive and Steem in the future. This shows Hive's value in the market.
