Hive Value in Charts - Day 1 to Day 30

Yesterday, I penned a post detailing my first 30 days on the hive blockchain. Being a part of the active users engaging the hive blockchain in its first one month has been a worthwhile experience for documentation. I decided to head to Coingecko to make a detailed study of the price/value of hive in is first one month to see how healthy the new Social blockchain backed token fared.

The above is a summary chart of hive performance in terms of price in its first 30 days. The blue circles indicate the opening and closing prices for Day 1 and Day 30 respectively. The green circle denotes the highest peak price of the token in 30 days while the red circle indicates the lowest fall of the token. Beyond every reasonable doubt, hive performed beyond expectations on the positive side.

The market value of hive opened at $0.189 which was 10% less than steem that was selling around $0.20 due to the pressure buying by steem users to qualify for more hive airdrop. The opening value of hive in the crypto market at Day 1 was quite commendable following the crisis which led to the fork of steem.

After 5 days of hive in the markets, hive made a debut $0.326 value higher than steem by over 20% and this was actually the true value of hive being a community token. This made hodlers to have earned triple of their steem value before the hardfork and many became rich including myself.

I saw this as a compensation for users due to the poor price of steem for over 12 months due to the poor leadership it suffered from the hands of the leading entity.

It was sad though challenging that the very peak value of hive craved jealousy for it and certain transactions began to drain hive's value down and the trend was quite sinusoidal since then till hive dropped to its ever lowest $0.09. This price will be the lowest hive would be worth even in the future. It is great to see hive beginning to recover.

Better days for hive are on the way as its usecase is improving on a daily basis. Already Steem-engine tokens are moving to hive-engine and this would be a great pump for hive. Moreover, the community leadership of the hive blockchain has endeared more DApps to see it as a social blockchain home. More of these are on the way.

I am anticipating hive hit the $5 value in no distant and may be then, I should be creating content on a fulltime basis.

Let's see what rolls out..