Hive is far behind in ranking and total marketcap.
Hello friends of crypto currency world.
Once a again we met up here and found lots of coin are up rising, few are old coin and some are new coin that’s enter into the crypto world. Now a days its very difficult to find out or prediction about coin which leads the market. Obviously BTC and ETH is leading the total market with their rank. But few more coin is also here that are far behind the list but managed to take itself to top of the coin list. As an example of these coin i can remember about the DOGE coin which was consist four digit zero after the point of fraction but today its become one of the top ten coin in the list. You may check the other coin price by entering coingeco or coinmarketcap webpage.
And finally hive managed to up and hold its price over two and half which is continue till but it didn’t take more closure to the top of hundred but is near about in close of hundred. As the total market capital increase and raise its volume it may be come in top ten.
If we focused about hive that could not mining but this token may be firming via hive.blog platform which we get as rewards of the post pay out after the seven days. And it could be the one of the main reason to delay supply more hive in the blockchain to increase its market capital. Also its influence the price per hive in the market- we know that Hivepower is only eligible to firming token in here along with Hive Backed Dollar. And this earning ratio of hivepower is calculating its average seven days balance.
Another reason is that you can not trade it in an open place market except in hive engine- you must use hive blockchain platform to buy, sell and transfer. On the other hand other mining token is open to trade via different wallet address and always balancing demand supply along with bear-bull run market behaviour.
As i said mining issue- this blockchain produce one block in every three seconds and 21 per one minutes which is distributed the different server and node holders in the form of hive when a post is eligible to pay out. So, this difference make it more time consuming and slow but steady as it take very mili second to complete the transaction where other mining coin is time consumable with other service or gas fees.
Here is the biggest challenge to maintain and keep alive active users with its payout, beginners are struggle to find out more way by run out resources credit as well as pay too. As the price of hive is high more inactive users are now active and new users are also coming. But when bear market is started then half of them are gone into sleep.
So the price of hive in this state is very essential for every angle of the view and should take it more steps to popular and advertising for spreading this community.
Thanks for reading this post, stay safe, stay happy with your crypto assets.