There are some good trends happening in the market. I saw the sudden pump in cryptocurrency prices and looked through #threads to see if there are any updates. I learned from @khaleelkazi that it was the approval of $BTC ETF that caused the pump. I am honestly not very concerned about the daily movements in the market. I used to swing trade few years ago. Over time I have focused more on long term strategies and DeFI such as $CUB and $POLYCUB.

The writing work I do is not primarily about making money. I like to spread the knowledge about. I enjoy the process of writing and sometimes the work I do as an author is an effort to change the world into something better with more individual freedom and better spiritual development.

When I saw the price of $HIVE going vertical, it reminded me of the little STEEM I had. I had Powered Down multiple times before. Everytime I cross post my articles, I fill up the wallet with a little bit of STEEM + TRX. This is not exactly free crypto. It does take a minute to post them and the value of votes I receive are very low. Although I don't find much wealth in the process, there are some other things I like.

HIVE-Engine is Open for Trading

There is only around a $40 trading volume happening everyday. Don't expect to make large exchanges/swaps without facing high slippage. I only have to worry about some tiny amount that is far below the allowed offered by centralized swaps. Even the DEXs become prohibitively expensive due to high fees.

HIVE-Engine is built on better technology than most cryptocurrency projects. I don't have to worry about annoyances such as transaction fees. Until Koinos builds a better DAPP, HIVE-Engine will remain my favorite DEX despite its flaws.

What is Important Beyond Money?

Of course there are things such as freedom, principles, spirituality etc. What I am presenting here are reasons that are more materialistic. SEO is one of them. Take a look at few screenshots I have taken on Similarweb:

I don't know how Steemit manage to bring so much traffic. The visit duration is very low compared to every other front end and bounce rate is nearly 5X higher compared to LeoFinance. Posting content on Steemit can bring more eyeballs to the content. Links from a high ranking website can have a significant effect on SEO.

The simple act of adding a link to LeoGlossary can be done without anyone's permission. All that is required is a STEEM account. Unless Justin Sun decides to censor you, the content will be displayed on a popular website on the internet. This is more powerful than earning few extra cents or dollars.

Decentralized Social Media Matters

Someone representing HIVE needs to talk to the people from Coin Bureau and tell them about HIVE + HBD. They keep talking about truly decentralized social media and stablecoins and proceeds to act as if HIVE does not exist. I will give them the benefit of doubt and say they are not doing sufficient research and have not learned about HIVE.

In the meantime we have a new fraud on the "Decentralized Social Media" space called Friend.Tech and it makes fall in love with STEEM. It is looking like we have a new niche ready to be hyped to Moon in the next bull market.

Thank @leofinance for Marketing!

Some toxic individuals have worked to attack @leofinance for trying to make $HIVE grow by making one of the best DHF Proposals ever. After some struggle, the Proposal received the necessary votes. I doubt 495 HBD spent per day is enough to take on the rug pulls and fakes and make our existence known to the public. There will be a gargantuan amount of noise in the markets and news.

We need more of the same and we need more DAPPs. We need to make sure users can invest easily. Many projects have enabled login using Web 2 accounts or other blockchain wallets such as MetaMask. we have come far from where we used to be when I joined decentralized social media 6 years ago.

The Most Important Missing Piece for The 2024 Bull Market

We still have the final piece missing IMO and I wrote about that in the above article. The oversimplified version boils down to guiding users into making purchasing decisions whether they are coming from fiat world or through DEXs.

About Short Term Price

Not every cryptocurrency pump the same way. BLURT had the best gains. I have been active there and never sold any BLURT because I want to support decentralized social media. I have had many pleasant interactions on BLURT. There has been little development and I would like to see better competition from them. STEEM is centralized to the point where one man can have control over the entire blockchain. HIVE is the only entity that pack at least some weight behind the punches.

I think DAPP developers such as @splinterlands @leofinance @peakd are the ones who should receive our appreciation for pulling this off. We have come a long way. Yet our DAU numbers are only in thousands. We cannot call ourselves successful until we have hundreds of millions of Daily Active Users. Crazier things have happened. Meme coins with no utility have reached Top 100 coins by marketcap. scams have reached Top 100 coins by marketcap.

We Can Definitely Do Better!

Posted Using LeoFinance Alpha