Hi Everyone,
I haven’t spent much time on Hive this week. I’ve needed to catch up with my book. I’ve fallen behind. I was hoping to publish at the beginning of the fourth quarter of this year. At the moment, it looks like I’m on track for around Christmas or even early next year. That is fine, as it puts the publishing dates of the two books almost a year apart.
The working title for the book is ‘Sapien Loop: Frozen in Time’. The story continues six years after the first one. The surviving characters return and are attempting to save their civilisation. There are several new colourful characters who complicate things a little. Arguably, the most important additions are the characters who were frozen. The book explains their interactions with the existing characters. A huge focus of the book is how these characters became frozen in the first place. This enables the book to explore how Sapey became the way it was prior to the first book.
We could argue this book is both a sequel and prequel rolled into one. This adds to the challenge of writing this book, but I feel it will definitely be worth it.
Sick Dogs
In my previous Actifit Report and Update, I talked about my two sick dogs. Ruby with cancer and Monkey with dangerously low blood sugar. Both are now doing well.
Monkey is back to his old self and his blood sugar is consistently in the safe zone. Ruby has had her stitches removed. She is feeling well in herself. Unfortunately, the tumour she had removed was malignant. So, it looks like her fight is not over yet. We have made several changes to her food and water to help her stop the cancer returning.
We are adding turmeric and coconut oil to her food. There is research indicating they will help prevent the spread of cancer. We have added alkaline drops to her water. This should reduce the acidity of her body. Cancer spreads faster in an acidic environment.
Hive Price
Hive as an ecosystem is going strong. There is plenty of activity and development. In terms of price, it has been struggling. It has fallen below US$0.20, which is hugely disappointing. Hive has only been able to obtain a high price during the finale of the bull run. We saw this in 2021 and 2017 with Steem. Basically, price moves are caused by speculation rather than investment. This appears to be the case for most altcoins.
Hive offers a lot more than most other altcoins, but this doesn’t seem to matter. Speculators care little for utility. They care about price movements; i.e., huge swings in demand and supply. The memecoins often get considerable hype. This causes their demand to skyrocket. Thus, they are hugely attractive to speculators. When the speculators cash out, the price plummets.
New coins are constantly being created. Hardly any have any real application. They exist to benefit from speculation. Many of these coins do not die. They hang around with minimal activity until the next bull run, where the price will pump purely based on speculation. This is bad for Hive as it gets pushed further down the market cap ranking. This reduces hive’s visibility and reduces its chances of attracting investors.
Hive’s price has been hit so hard that it is currently around that of Steem. I don’t spend time following Steem. When I take an occasional peek, it doesn’t appear like much is happening over there.
The next bull run is soon. The price of Hive will climb again. It’s hard to know how high or if it will challenge previous highs. Starting from such a low price is a little disheartening. It’s an indication of lack of investors. The price pumps will be mostly from speculators. This still might help Hive become noticed.
This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io
