HIVE TOKEN PRICE VOLATILITY

The Hive blockchain has is many advantages as against his disadvantages but one thing I have come to realize is that, it is a platform that over the years has allowed content creators to create content in terms of writing and exposing it to the world at large. This platform has allowed people to come in from different parts of the world to Showcase their Talent in Long form content and short forms.

In the end people are allowed to earn a decent amount in crypto for their efforts, however it is not certain that whatever content you put out there would receive enough engagement as you would prefer as a Blogger or a content creator. In some instances, the Whales of these blockchain makes it difficult for people to earn a decent living because sometimes you put out original and quality post and in the end, you do not get the kind of Engagement you want or deserve. Hence it brings about low earnings.

Asides from the many advantages that hive has to offer which includes rewards on content, transactions are quick, it is a decentralized platform where there is no central authority, no fees attached, and they are community driven.

However, the Hive blockchain token which is Hive is experiencing volatility of price. As we all know, volatility is when price of crypto coin goes up or down which means it is not stable. It goes to show that the earnings you get on your content on the Hive blockchain is the dependent on the price of its token. The reason why hive price goes up or down is based on supply and demand, cryptocurrency market influence, the activities that takes place in the platform and so on.

My actual take on this is based on the fact that, price of Hive has been going down for quite a while now and it has made many people to withdraw from the platform because they are beginning to lose hope. I know that the thing with cryptocurrency is to exercise patient and be hopeful that the market value will turn around but people have expected that at this time of the year based on the activities that go on on the hive blockchain that they would have been a massive growth and the price of Hive in crypto.

Based on my experience recently, assuming you get a vote on your post and at the end of 7 days you end up earning 10 $HIVE from that same post, basically if the price of one $HIVE is equivalent to $0.1 it means you have earned $1 which is equivalent to 1 HBD. But with the turn of events and the drop in the price of Hive, 1 HIVE is equivalent to $0.06 which means that 10 $HIVE would be equivalent to 0.6hbd.

We can see that this is not encouraging because while we put in the same effort we put in our daily work to create quality and long form contents, the monetary value has changed which is not encouraging at all.

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What Are the Good and Bad Things About Hive

Note: image was gotten from my crypto app

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