What does a Bitcoin rally mean for Hive-Engine tokens?

avatar
(Edited)

Daddy Bitcoin has settled nicely around the $11300-$11800 range and it is giving off some serious bullish signs. There's reason to believe that the monumental run that will culminate in achieving the $20k level of early 2018 is around the corner, but what will that mean for Hive-engine tokens like Leo, Pal, Neoxian, Spt, Dec and all the other ones?

image.png

The relationship between Bitcoin and Hive or any other alt for that money isn't exactly linear. However, there's some correlation between Bitcoin and other coins, and of Mohit Sorout's prediction is anything to go by, the next three months is going to be very special for everyone.

This brings us to hive-engine tokens and their own correlation with Hive. A couple of them have their intrinsic value in "dollars" but considering they're all fundamentally based on Hive, will rise in the value of Hive correspond to a rise in Hive-engine token value

I like the idea of a Bitcoin run, because of how it eases the tension in the atmosphere. The feel-good factor about a bull run is contagious and it won't be surprising if it trickles all the way down to Hive-engine tokens.

Hive-engine is where the party's at. A couple of second layer tokens are making big waves outside the community and I hope that there will be a lot of big things happening in the long run.






I will write blog posts about, Finance, Fintech, blockchain and cryptocurrency


Link to gig

All I need is a topic, tone of the post and any extra information you'd like me to add.

I will write insightful football articles

image.png
Link to gig

Contact me

image.png

If you would like to patronise me or have any suggestions for me, please leave a comment with your contact information or reach me through any of the following channels;


Posted Using LeoFinance Beta



0
0
0.000
9 comments
avatar

I believe that when it happens that 20k spike will occur so fast and will look so natural. The way I see it the gap between 14k and 20k can be filled quite easily getting above 12k and 14k seems to be the difficult part.

0
0
0.000
avatar

While I'm more inclined to say that the Hive price is more important than the price of Bitcoin, a Bitcoin rally will likely see Hive rip too.

But as we saw in LEO, when hive was dropping, LEO was seen as a mini safe-haven. Is this what's going to happen again?

Well I'm sure there are some economic minds far smarter than mine here who will share their thoughts.

Nice thought provoking question.

Posted Using LeoFinance Beta

0
0
0.000
avatar

So say Hive price starts rising, do you think it is possible for FOMO to make people sell Leo for hive?

Posted Using LeoFinance Beta

0
0
0.000
avatar

I would say yes. All we can go by is what we've seen happen in the past, and we've already seen it in reverse.

But at this rate, will HIVE ever rip again haha? :(

Posted Using LeoFinance Beta

0
0
0.000
avatar

Honestly don't think we have one of those coming any time soon but we'll see. There's a lot of baseless bullish talk on Twitter and even though it is mostly bullshit, it feels good to read it !ENGAGE 50

0
0
0.000
avatar

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

0
0
0.000