Today Hive dropped under four cents. I have predicted this, but still it is sad to see that. Bitcoin is in mid sixty thousand dollars and has been in this range for over seventy days.
There are no major catalysts on the horizon for a major rally in crypto. Bitcoin miners are switching over to Artificial Intelligence compute. The interest in crypto seems to be at very low levels.
It seems like we are going to be in a range for Bitcoin for a few more months. What comes next is either a drop lower if the attention is still on AI or the speculative money is going to come back to crypto.
I wonder if crypto is going to be the infrastructure for the future financial system. Smart contracts are a good fit for automation such as AI agents that are going to be transacting with each other.
When is it going to happen? Probably at least a couple years from now which would line up pretty good with the next Bitcoin bull cycle.
So what it means for Hive? I don't know... do we really have smart contracts outside hive-engine? I don't hear anything about EVM compatibility for Hive blockchain. That is not a great sign for Hive.
Rising tides lift all boats, so if there a rally in crypto markets then Hive is going to go up, but it is not likely to be at the epicenter of the big future changes and generational wealth creation.
A lot to think about...
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19 comments
Now you are making me regret that I bought and powered up 2k HP yesterday and not today...Oh well what is done is done.I still believe that Hive is too awesome to fail. But with infinite human stupidity I am not fully certain of that either.
It is impossible to time the market. Your powered up Hive is going to start working for you right away.
I am feeling that there would be other opportunities to Dollar Cost Average into Hive and other crypto before some time late this year. Though I could be wrong Bitcoin might just break out of the recent trading range and head towards 100k again and then it will bring back interest in crypto.
Not what we all hoped for, but we're all just here for the community, right? :)
I haven't tested it but there's some cross chain to EVM stuff going on here: https://altera.magi.eco/login
And there is some multichain stuff going on over at keychain: https://peakd.com/hive-139531/@keychain/join-keychain-multichain-open-beta-and-help-us-take-keychain-to-the-next-level
And maybe something going on back at the old chain that I would never link to on the new chain but interested parties could try oldchain.com/trending/svm just to see what the competition is up to.
HIVE is still great! Long Live HIVE!
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Oh I am not going anywhere :)
Just have some doubts if there is enough development going on here to get us ready for the future of Agentic internet.
And I was a bit bummed to see a new low under 4 cents despite predicting it is going to happen.
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Hive price is quite low now, it feels sad but nothing we can do for that. 11 k steps are great with the beautiful view, yesterday I did manage to make 4k steps.
Yeah the whole crypto market is low right now.
yes that is sad, not suer how long this is going to be
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I was thinking the same thing the other day too about crypto. You just don't hear about it like you used to.
What does that mean exactly does it mean that it is no longer a viable technology or will the internet come back in the future?
I'm not sure. I think it still has use cases, but I don't think people are excited about it like they used to be.
Could be because crypto is no longer the shiny new thing. That role is now firmly with Artificial Intelligence...
That definitely seems like part of the case.
Lovely photos 😆 I enjoy reading your insights esp. on Hive and crypto. I certainly !HOPE the future is bright for Hive 🤞 An advance happy weekend...
Made in Canva
!ALIVE
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I keep thinking that crypto is becoming a more mature technology. But still crypto as a technology sits roughly around the late 1990s to 2000 internet era. With global adoption hovering near 10% of the internet population. So while we are becoming more mature, we are right before the Internet Bubble, so I think there is one more Altcoin Market in the making where everything in crypto pops up huge before majority of the coins crash 99% and never come back.
Thank you