Hello HIVE, Hope you all are good and enjoying your life. In my previous post I discuss about the market dynamics and the current situation of the crypto market. What I predicted the same happen. I told that market which has surged to $28K will be back soon to its initial place.

The same happened and the current price of #Bitcoin is around $26K. This is because the price rise was just a bull trap and to take the short liquidity. Its obvious that market orders always fill a gap where it found and the same happened.

This was my statement in my previous post As of Yesterday, we see a major price hike in Bitcoin which takes the price to $28K and now back to $27400. This is the range bound price for the Bitcoin and I dont think so the price will break the next resistance.

This is a critical stage for the crypto market which will either take one direction. If news support the bull run then we see good price moves otherwise it is obvious that the price will touch $24K in coming weeks because there are market orders and liquidity will be grab there.

Unfortunately, #HIVE coin is also link with the movement of BTC. When the king of crypto currency goes down all other crypto coins follow the trend. Hive coin is at its 52week lowest value and that is around $0.27.

This is very sad to say that HIVE have plummeted from $3 to $0.27 which is about 12 times down. Whenever I see the price of coin decline I feel worry about my investment.

I have invested all of my money into HIVE and never think to diversify my portfolio. So, its not good for me to see the price of hive going down and down.

HIVE at a Crossroads

Another disadvantage for #hiveians that as hive value goes down our payouts are also decreased. My earnings are now decreased as the price of hive is going down. Upvote values have decreased and I find my payouts going down and down.

My upvote value at the rate of $0.32 was $0.32 and now it goes down to $0.26 which is around $0.06 gap. This is the bear time where values goes down and the earning is decreased.

Anyway, bad days will pass and good days are around to come. I am hoping to see good days very soon but when no body knows.

I will more surprise to see the value of HIVE above $0.5 where we will have capital gain as well our payout earning will increase. If suppose price of HIVE sits at $0.5 then my upvote value be around $0.48 and something.

Which clearly indicates that my earning will be double. Bull market is the best time to work in the #hive ecosystem and will be the good time to build your wealth.

What do you people think about the crypto market situation? Is it going down or will recover back? What do you think about your payouts, are those decreased? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

  IMAGES DESIGNED WITH CANVA

Thank You!
Best Wishes.

Posted Using LeoFinance Alpha