BTC moving up is good, but I agree that Hive is lagging. I wonder when alt season will start, but the conditions are looking better for Hive. More people powering up than down and more people buying Hive on the internal market than those selling.
I don’t see that at all. The DHF is minting far too much and the stability fund to prop up HBD is putting pressure on Hive. There is no everything go up Alt Season coming. 2021 ain’t coming back. Many alts have been exposed as scams or just not viable projects. They’ll certainly be winners that go up but the everything go up we saw last two cycles isn’t coming back. Bitcoin is king and the only for sure winner. I don’t expect Hive to pump anytime the next 12 months. Bitcoin already at new ATH and hive down 40% since bitcoin bottomed at 15K for the cycle low in November 2022. Same period multiple crypto’s went up with it but many are down or even at same period. 2025 will be a much more picky market. I love Hive! But I don’t see anything positive on price action in the distance… the chart above comparing hive & bitcoin over 12 months says it all.
Here are the 2 posts that I saw regarding that info. It could be temporary but who knows.
https://peakd.com/bitcoin/@toofasteddie/buying-pressure-increasing-9ae
https://peakd.com/hive/@toofasteddie/another-good-sign-47q