Hive utilizes blockchain to record transactions and data. The well-established ecosystem has a proven track record. HIVE is home to some of the most widely used web3 applications in the world. The strong foundation positions Hive as a major player in the Web3 space.
Reason to discover all about Hive. We have furnished the functioning, performance, tokenomics, price prediction, utility, buying option, and credibility.
Let’s dive in:
What is Hive (HIVE)?
Hive was launched in 2020, and it operates on a delegated Proof-of-stake mechanism. This offers a user-controlled and secure alternative. HIVE positions itself as a bridge that facilitates the transactions from the currency web towards a more decentralized future.
Hive boasts a strong and active user base. The platform employs a user-centric approach by placing control directly in the community.
You gain voting rights and make sure your voice is heard in the shaping of the network by locking your HIVE tokens. Hive doesn’t cost hefty transaction charges. It lets you interact with the network without worrying about any hidden costs.
Instead of theft fees, Hive utilizes a system where users stake their HIVE tokens that grant them “resource credits” which can be used for transactions. This approach ensures a fair system where every member gets access and incentivizes users to contribute to the health of the network.
| Ticker Name | HIVE |
| Market Cap | $110,503,246 |
| 24-hour Trading Volume | $9,386,005 |
| Circulating Supply | 433,796,329 |
| Categories | SocialFi, Layer 1 (L1) |
Key Factors of Hive (HIVE)
Content Creators: Hive values the importance of content creation. They utilize a unique system known as Proof-of-Brain to reward the members who actively contribute content to the ecosystem.
Frictionless: With a wide range of decentralized applications, APIs, and user-friendly interfaces, Hive removes the technical complexities often associated with blockchain.
Diverse Ecosystem: Hive fosters a vibrant environment with a variety of applications, tools, and resources. This caters to a wide range of users, from content creators to traders, developers, and builders.
Token Distribution of Hive (HIVE)
Check out the token distribution of the HIVE tokens:
- 65% goes to the content producers and content curators
- 15% goes for the HP Stakers
- 10% goes to the witnesses
- 10% goes to the Decentralised Hive Fund
Future Price Prediction of Hive (HIVE)
At the time of writing this, the 24-hour trading volume of HIVE is $31,457,847 for the last 24 hours. This represents an increase of 2,324.00% from the previous day. The surge indicates the rise in the market activity of HIVE.
As per the market trajectory and technical indicators, we have made a seven-year price prediction for Hive.
Check out the future price forecast of HIVE until 2030:
| Year | Minimum Price Prediction | Average Price Prediction | Maximum Price Prediction |
|---|---|---|---|
| 2024 | $3.75 | $6.37 | $8.99 |
| 2025 | $6.89 | $10.94 | $14.98 |
| 2026 | $10.49 | $11.99 | $13.49 |
| 2027 | $4.80 | $7.19 | $9.59 |
| 2028 | $6.59 | $9.29 | $11.99 |
| 2029 | $11.39 | $19.18 | $26.97 |
| 2030 | $23.98 | $28.47 | $32.97 |
Where can you buy Hive (HIVE)?
HIVE tokens are live on centralized crypto exchanges. You can check the most popular option which is Upbit. It has a trading volume of $22,147,663 for the past 24 hours with an active trading pair HIVE/KRW.
You can also explore other popular options like Binance, TokoCrypt, BYDFi, DigiFinex, HTX, and Gate.io. Choose the most suitable exchange that abides by your trading preferences and customer reliability.
How can you buy Hive (HIVE)?
Do you want to invest in HIVE? Look no further, we have made it easier for you. Check out the steps for buying the Hive:
- Step 1: Account Creation: The first step is to create your account in the exchange. Make use of the website or application of the exchange. Check for the reputation of the exchange before confirming.
- Step 2: Funding Account: Once the account is created, you can go forward to fund the account. There are options like credit cards, debit cards, P2P trading, Bank transfers, and third-party payment.
- Step 3: Buying Hive: Now, you can proceed to buy HIVE. It can easily be done in the exchange. Check for the “buy and sell” option in the exchange and choose HIVE from the buy section.
- Step 4: Transfer Hive: After the purchase is done the final step is to store your HIVE tokens. You can either hold HIVE in the account or choose to save it in the personal crypto wallet. You could also trade it for other cryptocurrencies that could earn you passive revenue.
If the price seems to be higher than your budget, you can always buy a fraction of the token. This way you can invest without burning a hole in your pocket.
Is Hive (HIVE) a credible investment option?
Hive aspires to be a frontrunner in blockchain technology by being accessible and valuable for everyone. They nurture a strong sense of community, fostering collaboration and shared success.
Hive seeks to remove any undue influence and empower users to have a greater say in the direction of the ecosystem. After analyzing the utility of Hive and the performance of the project, Hive appears to be a credible investment option.
The company behind Hive prioritizes security by storing all cryptocurrencies in secure cold storage, minimizing the risk of theft or hacking.
Considering the volatile nature of the crypto market, every investment requires research on the project. We strongly recommend doing your research about the crypto project.
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