Bitcoin won 25 % in last 30 days, Hive at status quo… Why?
Bitcoin dominance
The FOMO for Bitcoin is starting again. Bitcoin rose 25 percent in the last month, all due to the upcoming halving in 135 days and the Bitcoin ETF’s that are in the pipeline. So, the rise is actually not ghat unexpected with all the good news that is surrounding Bitcoin. There’s also a plan for an Ethereum ETF, so Ethereum is also on the rise, but not as much as Bitcoin.
But, the sad part is, altcoins like Hive are not following the same trend as BTC… Hive has stayed at status quo the last month, which isn’t fun the watch when Bitcoins rises this much. The Bitcoin dominance has risen quite a lot the last 30 days. And that’s not what us Hiveans and InLeo users want to see.
When is it Hive’s turn?
Usually altcoins follow the trend with a delay compared to Bitcoin. But, that is never a certainty. We can only hope that once Bitcoin is considered too expensive for the investors, Hive gets picked up too by the bigger investors, and Bitcoin dominance goes down again… I expect that to happen in the next 6 months, but hopefully Hive rises sooner, even though it doesn’t follow the trend of Bitcoin.
What are you expecting of Hive in the next 6 months?
Let me know in the comments!
Sincerely,
Pele23
While Bitcoin is on a recent upward trend, altcoins like Hive are not following suit and have remained stagnant. The increasing dominance of Bitcoin has left some in the Hive community feeling left out amid Bitcoin's surge.
I'm expecting Hive to rise significantly in the next 6 months, I think there's a lot to be excited about in terms of development or progress in Hive.
Would be important for Hive that we cross the 50 Cents sustainably and then the even more important $1 mark. That should happen within the next half year. If a new ATH is possible? Time will show.