Crypto

Let's start with the Hive token All Time Low, which was $0.07797 October 10 of this year, and its All Time High which was $3.42 in November 2021. At the very beginning Hive's price was close to $0.50 per token, but it went down to below $0.12 soon after. In February of 2021 the price started a steady ascent which hit a peak in November of that year. After this the price has been in a steady decline.

This year, for reasons which are obvious and some maybe not so obvious, the price has suffered a steady decline, until it hit rock bottom last month. At the moment the price is actually holding steady at around $0.11, not a price that has people happy, but also a price we users can do nothing about.

Like all tokens Hive suffers when Bitcoin suffers and Bitcoin has seen a sharp decline in price. Does this mean crypto's usefulness is coming to an end and we will all end up holding bags? Well, I do not think this signals an end, but I am certain a lot of tokens will stop being used and their owners will indeed end up holding bags. Now the question is why this decline in prices?

I think, and of course this is my opinion, that the owners of the money which moves our financial World have reached the conclusion that crypto cannot be allowed to be held so easily by so many people without any control. It is of no interest to them that masses of people can hold a token that actually makes them free from the meddling of governments and banks. This does just not apply with a World were banks with the backing of governments control almost everything. So crypto is being cut down to size, I think they can give it some slack, but not enough that too many people feel emboldened to stand up to the current financial system.

Now what will happen? Well it depends on how much people are willing to fight for crypto. If losing a lot of money is something you can face and are willing to do you can continue working with crypto. If there are enough people willing to do this I think crypto can hold its own. If this does not happen, I fear crypto will be absorbed by the financial system and we will still be able to use it but now with restraints, like bank fees, taxes etc.

Not such a good look, but we will see what happens. as for Hive, I guess its future depends on its usefulness.