How does HIVE manage to stay in the green while the top 10 cryptocurrencies by market cap are red?

Crypto markets officially crashed yesterday, and many cryptocurrencies are trying to recover. But many cryptocurrencies are still in the red, especially the top 10 cryptocurrencies by market cap. On the other hand, some cryptocurrencies, especially HIVE, continue to be in the green according to daily and weekly data. It also signals that HIVE can go higher.

HIVE was trading at $0.7529 yesterday and rose as high as $0.82 today. It is currently trading at $0.8046. Currently, the Hive is trying to establish support around $0.8 and stay above $0.8, if it succeeds, it will continue higher. When we look at the current price, it is seen that it has gained 6.88% compared to yesterday. In addition, when we look at it on a weekly basis, it is seen that it gained 43.5% in a week. According to daily and weekly data, many cryptocurrencies are in red, while HIVE is one of the rare cryptocurrencies in green. Especially when we examine the top 10 cryptocurrencies, all except Solana (SOL) are in the red zone in both weekly and daily data. Only Solana (SOL) is in the green zone according to weekly data. This is because SOL has had incredible bullish success in recent weeks.

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The fact that Hive manages to stay in the green today signals that it can go higher in the coming days. Of course, there are reasons for this success. I think the most important reason is the decentralized applications that power the Hive ecosystem.

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Hive Ecosystem
Hive has a thriving ecosystem of over 126 apps, communities & projects and is home to some of the most-used Web3 apps in the world, such as Splinterlands, PeakD and HiveBlog.

Built for Web3
Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world.

Recently, interest in decentralized finance (DEFi), NFT market, Blockchain games and decentralized app (dApp) has been increasing day by day in the crypto market. That's why more and more new DeFi, NFT, game and dApp projects are launched day by day. So they will continue to rise as cryptocurrencies like HIVE, Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Algo, Cardano (ADA) have many use cases now and in the long term.

Some of the most important differences of HIVE from others are that it transacts at lightning speed, is more powerful and transactions are free. There are many applications and communities in the Hive ecosystem, such as Blockchain games, Social communities, NFT, DeFi, Tools, Video platforms. I think that these projects will increase more in the future. If you are part of the Hive community, you can access all of these projects.

It's really great to be a member of the Hive community. If you join the Hive community, you can easily access many applications that use the Hive network. You can earn Hive by publishing your own post or voting on other people's posts. You can also earn LEO, POB, SPT by using tags from communities like LeoFinance, Splinterlands and Proof Of Brain. In addition, you can earn more by increasing your Hive, LEO and POB power, for example. You can also earn by playing Splinterlands and similar games. In Splinterlands, you can earn Dark Energy Crystals (DEC) and SPS, and you can also earn NFT cards. And this list goes on and on. You can also learn more by visiting LeoFinance, Proof Of Brain , Splintertalk . You can access all community and application links here. In short, there are many applications that can be of interest to everyone.

When you make a transfer to someone on the Hive network or request it when you win a reward, the transactions are done at lightning speed and you do not pay any transaction fees. Isn't that great?

Hive currently has a market cap of $320 million and ranks 162. I think Hive will be among the top 50 cryptocurrencies by market cap in the future. So I think its current price is not its real value. I think Hive should be higher up and this will be.

Posted Using LeoFinance ^Beta