I think that you would also not want more HIVE tokens on the blockchain, if the market cap of the token does not increase at least in the same proportion. 💸🤯🤓
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Yep, there's way too much HIVE for its present level of uptake and adoption. There need to be a whole lot more people buying it than selling it. 😁🙏💚✨🤙
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I wonder if there are notable competitors of the Hive blockchain that causes the lack of buys (and increased sells) for the HIVE token, or the downward trend of the price of the token is simply caused by the overall dip in crypto. 🤯🤓
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Many more people are unstaking and selling HIVE than are buying and staking it. HIVE's fiat-dollar price has been steadily declining for years now, so the present crypto downturn is only part of it. I'm almost certain at this point that this is an intentional effort to destroy the blockchain. 😁🙏💚✨🤙
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I think that the more the price of the HIVE token goes down, the more people on Hive (especially influential ones such as Hive Witnesses and Hive Whales) should talk about some "unusual" methods to bring the price up, such as using the HBD on the DHF to increase the price of the HIVE token (like what @savvytester told me). 💸🤯🤓
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I think that burning all HBD in the DHF would help quite a lot. 😁🙏💚✨🤙
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