1 HIVE = $0.358 USD - Do worries linger about a possible near-term downturn?

_{(Chart by TradingView)}

Despite a bearish engulfing candle denting Hive (HIVE) mid-December, the bullish harami pattern suggests a potential reversal, possibly initiating a recovery.

However, despite positive price action, ADX and DI exhibit bearish divergence. -DI's dominance over +DI signifies increasing selling momentum relative to waning buying.

While Hive has seen a price boost lately, worries linger about a possible near-term downturn.

Focusing on both Hive's tech progress and market shifts empowers us to invest wisely.

About Hive (HIVE)

Hive (HIVE) is a cryptocurrency and the native token of the Hive blockchain, a decentralized social media platform with various other applications. Here's a breakdown of HIVE coin:

Function:

• Liquid crypto: HIVE can be traded, staked, bought, and sold on various cryptocurrency exchanges.
• Social media monetization: Users on Hive platforms can earn HIVE for creating content, engaging with others, and curating content.
• Powers dApps: HIVE fuels various decentralized applications (dApps) built on the Hive blockchain, like finance, gaming, and identity management tools.

Key Features:

• Decentralized: The Hive blockchain is not controlled by any single entity, but by a community-elected group of witnesses.
• Fast and feeless: Transactions on Hive are confirmed in seconds and incur near-zero fees.
• Scalable: The Hive blockchain can handle a large number of transactions without sacrificing speed or security.
• Inflationary: New HIVE is minted daily and distributed to content creators, curators, and witnesses.

Use Cases:

• Social media rewards: Users can earn HIVE for posting content, commenting, and voting on other users' content.
• Digital subscriptions: Some Hive platforms allow users to pay for subscriptions with HIVE.
• Micropayments: Hive can be used for micropayments, such as tipping content creators or paying for access to exclusive content.
• Investing: Some investors hold HIVE as a speculative asset, hoping its price will appreciate over time.

Additional Information:

• There is no fixed maximum supply of HIVE, but the inflation rate is designed to gradually decrease over time.
• Hive has a vibrant community of developers and users who are constantly building new applications and features on the platform.
• It's important to remember that cryptocurrencies are volatile investments, and you should only invest what you can afford to lose.

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