1 HIVE = $0.298 USD - Is the alligator going to descend further, searching for its next prey?

5% of the rewards of this post are for @steem.amal

_{(Chart by TradingView)}

As the final moments of the year ticked by, the Hive (HIVE)'s alligator emerged from the $0.36's surface, only to be swept back by the relentless bearish.

However, the decreasing bearish divergence on the Moving Average Convergence Divergence (MACD) suggests a potential trend change, with bullish dominance and price appreciation becoming more likely.

Submerged with its mouth wide open, the alligator appears to descend further, searching for its next prey.

Let's follow this Hive's alligator on a thrilling adventure.

About Hive (HIVE)

Hive (HIVE) is an innovative decentralized blockchain and ecosystem designed for widespread adoption and scalability. Here are some key points about it:

Purpose:

Acts as a gateway from Web 2.0 to Web 3.0, fostering decentralization and community ownership.
Supports social media with monetized rewards for content creators, interactive blockchain games, identity management, micro-loans, and more.

Technology:

Runs on a Delegated Proof-of-Stake (DPoS) consensus mechanism, making it fast and energy-efficient compared to Proof-of-Work blockchains.
Offers "lightning-fast processing times and fee-less transactions".
Supports a thriving ecosystem of over 100 apps, communities & projects, including Splinterlands, PeakD, and HiveBlog.

Key characteristics:

Decentralized: No single entity controls the network, ensuring community governance and censorship resistance.
Secure: Uses encryption techniques to protect user data and transactions.
Sustainable: Leverages renewable energy sources for its operations.

Resources:

Website: https://hive.io/

Assisted by https://bard.google.com/.