Today is not just the first day of the year - and Happy New Year everyone - today is also Hive PowerUp Day. This is where Hive community users celebrate the Hive ecosystem and stake their Hive to gain more power.
This month, I am powering up 896 Hive which I have accumulated over the last few weeks. Partly from selling some other crypto coins that I bought some time ago which I don't believe in as much as I believe in Hive.
So why do I believe in Hive?
Despite the cyrpto space being in another brutal bear market, the Hive ecosystem has continued to grow. One of the key challenges in the crypto space has been utility value. What can you use crypto for?
This is not a problem in the Hive ecosystem as there is something here for everyone. There are so many different communities that are now building their own systems and platforms on Hive.
LeoFinance is a community for finance and crypto discussion but they have gone one step further and built out a lot of their own functionality for the community.
Actifit is one of the most successful #MoveToEarn platforms in the cyrpto space. Anybody into heath and fitness should use this app and join this community.
We also have some of the best #PlayToEarn blockchain games available such as Splinterlands and Rising Stars.
So why am I bullish in 2023?
As the Hive ecosystem grows and things like Hive gaming attracts new players from outside the Hive system, these games all need Hive Power to transact on the Hive blockchain with the volumes they need. For the system to scale, the games must buy and stake Hive. This will put upward pressure on the Hive price.
I expect the next few months will see the crypto space leave the bear market and Hive with its successful ecosystem will be one of the coins that benefit the most.
My PowerUp Plan
So in 2023, I am not only staking 896 Hive today, I have a plan to sell off some crypto every month and keep powering up more.
Happy New Year! Happy PowerUp Day!!