It's no surprise that the price of Hive never stays up for too long. Countless people with alt accounts farm the platform, resulting in more money going out than coming in. For any real sustained price to rise, there need to be more buyers on Hive than sellers.
Hive is plagued with scammers and farmers, so if we were to get mass adoption and everybody sold their rewards, the price could go as low as one cent or even lower. By onboarding more farmers, the price will only drop further. To see the price increase, we need to onboard businesses and investors who will bring in new capital. With the current competition from other blogging and earning platforms, we have a long way to go.
We need to make Hive more decentralized so many businesses and people would not come anywhere near Hive what are your thoughts on how could we get new real investors to take Hive seriously?
Art Made with the help of AI