1 HIVE = $0.302 USD - Do Hive enthusiasts continue to adhere to their long-term investment strategies?

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

_{(Chart by TradingView)}

Despite a fleeting surge to $0.36 in early January, Hive's Ultimate Moving Average ultimately succumbed to strong selling pressure and remained within its established downtrend.

Moreover, the SuperTrend indicator, known for identifying trends, shifted to sell mode, reigniting bearish sentiment and potentially amplifying the ongoing market selloff.

Despite fluctuations in the market, do Hive enthusiasts continue to adhere to their long-term investment strategies?

Don't just buy Hive because it's trendy. Do your research! Understand the technology behind it and how it fits into the crypto market before investing.

About Hive (HIVE)

Hive (HIVE) is a cryptocurrency and blockchain platform with a focus on decentralized content creation and rewarding users for their contributions. It launched in March 2020 as a hard fork of the Steem blockchain, aiming to address concerns about centralization. Here are some key points about Hive:

Purpose:

Enables decentralized social media platforms and other applications where users earn rewards for creating and curating content.
Promotes community governance through a delegated proof-of-stake (DPoS) consensus mechanism, where token holders vote for witnesses who validate transactions.
Offers fast and fee-less transactions, making it suitable for micropayments and frequent interactions.

Key Features:

Two tokens: HIVE (governance token) and HBD (USD-pegged stablecoin) used for rewards and various platform functions.
Thriving ecosystem: Supports over 100 dApps, including popular ones like Splinterlands, PeakD, and HiveBlog.
Decentralized: No single entity controls the network, fostering community ownership and decision-making.
Scalable: Utilizes layer-2 sidechains for efficient scaling while maintaining core blockchain security.

Things to Consider:

The cryptocurrency market is volatile, and the price of HIVE can fluctuate significantly.
While decentralized, the success of Hive relies on active community engagement and adoption.
Understand the risks involved in cryptocurrency investments before making any decisions.

If you're interested in learning more about Hive, I recommend checking out these resources:

Hive official website: [https://hive.io]
CoinMarketCap page: [https://coinmarketcap.com/currencies/hive-blockchain]
Binance research report: [https://www.binance.com/en/research/projects/hive]

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