HIVE: A Coin to Watch - Historical Price Analysis and Predictions
There are many discussions about cryptocurrencies and analysts are defining about their favorite altcoins. My favorite is #hive which is my holding so surely will discuss about this coin. The discussion about #HIVE is very interesting for me as it looks me amazing to discuss positive news about it.
I was checking about HIVE historical price for the month of July. Where I get with the data which I have taken from #CoinLore. This really makes me amaze to see that HIVE has shown good price move in the month of July from last 3 years.
Last year in 2022 at the month of July the price of Hive was around $0.52 which gives a gain of 2.44% and similarly this year the current price of #HIVE is $0.35 with the percentage gain of more than 10%. This is really a good move in July every year.
After reading HIVE chart against BTC, HIVE is looking more bullish and something great is going to happen within 9 days. I am looking #hive above $0.5 till the end of July according to my experience and prediction.
This is because we see high selling pressure in the last 4 months. From March to June the HIVE price remains negative and in red zone. The percentage drops by more than 30% in this 4 months which means lot of investors sell of their holdings.
This month the chart looks good and in the order block the buying signals are more then selling ones. That is one of the reason a good pump is expected within next week. Also a sign of bullish market will help boost the price of HIVE.
Bullish Signals for HIVE: Expecting a Strong Rally in July
Now lets talk about past events of #HIVE which gives you sense about the price moves.
On May 31 2022, XT.com listed HIVE/USDT pair which was good news for HIVE. That week was the great time for HIVE where we also see a good price move. I am wishing and hoping that one day other exchanges will also list HIVE/USDT pair very soon.
On Sep 15, 2022. HIVE fest was arranged at Amsterdam. Hive festival is no doubt the success of hive where great users and witnesses discuss about #hive ecosystem in the crowd and let other people know about the ecosystem.
OCT 11,2022 was the hardfork day which is the birth anniversary of HIVE. On this day HIVE was separated from Steem and make its own platform for content writing. This is the day of success for the hive ecosystem and it put impact on the price of steem.
These are some historical events about HIVE which I have shared with you guys. There are more news coming to hear about HIVE which are all positive. Without a doubt this coin has brighter future ahead and the price will surely increase by the passage of time.
What do you people think about the price of HIVE? Is any good move coming within this week? What is the best HIVE event in your life? will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGES ARE EDITED AND TAKEN FROM CANVA.
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